Kelington Group is poised for a rebound from the recent pullback, after it bounced off the 21-day average line recently – it opened with a gap then headed towards the all-time high of MYR1.88. If it manages to breach that level, the momentum is expected to propel the stock towards the uncharted territory of the MYR2.00 psychological level, before possibly hitting the MYR2.10 threshold. However, this expectation will be cancelled if it falls below the support of MYR1.70.

Source: RHB Securities Research - 7 Oct 2021