RHB Retail Research
Trading Stocks- KKB Engineering
KKB Engineering may move higher after it formed a second consecutive white candle, leaving an upside gap. With the 21- day SMA line edging upwards, this implies positive sentiment. An upbeat bias may emerge above the MYR1.80 level, with an exit set below the MYR1.63 mark. Towards the upside, the immediate resistance is at the MYR2.00 level, followed by the MYR2.20 threshold.
Source: RHB Securities Research - 19 May 2020
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