RHB Retail Research

Trading Stocks - Kim Loong Resources

rhboskres
Publish date: Mon, 06 Apr 2020, 09:33 AM
rhboskres
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RHB Retail Research

Kim Loong Resources was testing the MYR1.05 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR1.17, followed by MYR1.26. The stock may consolidate further if it cannot breach above the MYR1.05 mark in the near term. Support may be found at MYR0.95, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 6 Apr 2020

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