RHB Retail Research
Trading Stocks - KESM Industries
At the time of writing, KESM Industries was testing the MYR9.45 level in its recent trades. A bullish bias may be present above this point with a target price of MYR10, followed by MYR10.50. The stock may consolidate further if it cannot breach above the MYR9.45 mark in the near term. Support may be found at MYR8.88, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 9 Jan 2020
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