RHB Retail Research
Trading Stocks - K-One Technology
K-One Technology is set for a technical rebound after testing the immediate resistance on surging volume yesterday. With the stock trading above the 21-day SMA line, a bullish bias may appear if it crosses the MYR0.32 immediate resistance level. If that happens, the stock may climb towards the next resistance of MYR0.35, followed by MYR0.36. This expectation would be reversed if it falls below the MYR0.30 support level.
Source: RHB Securities Research - 21 May 2021
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