RHB Retail Research
Trading Stocks - KESM Industries
KESM Industries formed a long white candle, indicating that momentum of buying could be strong. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR9.20 level, with an exit set below the MYR8.90 threshold. Towards the upside, the immediate resistance is at the MYR10.00 level, followed by the MYR11.00 threshold.
Source: RHB Securities Research - 19 Dec 2019
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