RHB Retail Research
Trading Stocks - Kelington Group
Kelington formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its highest close in more than seven weeks – which enhances the bullish momentum. A positive bias may emerge above the MYR1.32 level, with an exit set below the MYR1.27 threshold. Towards the upside, the immediate resistance is at the MYR1.42 mark. This is followed by the MYR1.50 level
Source: RHB Securities Research - 16 Jan 2020
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