RHB Retail Research
Trading Stocks - Kelington Group
Kelington formed a fourth consecutive white candle yesterday, on strong volume – as it tried to break out from a 6-week trading range. Should the stock manage to break away from the multiweek trading range by pushing upwards past MYR1.90, this could lead to it testing the MYR2.00 and MYR2.20 resistance points. A downside breach of MYR1.80 would negate this positive bias.
Source: RHB Securities Research - 15 Jan 2021
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