RHB Retail Research
Trading Stocks - Kelington
Kelington surged above the resistance level of MYR1.24 with a higher trading volume. With the latest price breakout, we think that the trend will extend towards the resistance levels of MYR1.35 and MYR1.43. If it trades below MYR1.24, expect another sideway consolidation again. Meanwhile, a downside breach of the MYR1.16 support would see a further share price correction.
Source: RHB Securities Research - 30 Sept 2020
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