RHB Retail Research
Trading Stocks - Kim Loong Resources
Kim Loong Resources is set to continue the bullish momentum after it moved past the MYR1.59 resistance – firming up its “higher high” bullish pattern with a long white candlestick. The positive momentum above that level is expected to persist, to chart a new high at the MYR1.70 mark, before possibly reaching MYR1.80. Conversely, falling below the MYR1.53 support will nullify this expectation.
Source: RHB Securities Research - 7 Oct 2021
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