RHB Retail Research
Trading Stocks - Kelington Group
Kelington Group is forming a base after it bounced off its support for two consecutive days. If it manages to turn higher and breach the immediate resistance of MYR2.20, a bullish bias may emerge. The stock may climb towards the next resistance of MYR2.34, followed by MYR2.47. Conversely, if the stock falls below the MYR2.12 support level (ie below the 21-day SMA line), this anticipation should disperse. .
Source: RHB Securities Research - 25 Jun 2021
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