RHB Retail Research
Trading Stocks - Kelington Group
Kelington Group may rebound further after it tested the MYR1.32 support in recent sessions. In view that the 21-day SMA line is likely to begin turning upwards, this indicates a positive sign. A positive bias may emerge above the MYR1.36 level, with an exit set below the MYR1.32 threshold. Towards the upside, the immediate resistance is at the MYR1.43 mark. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 24 Jan 2020
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