RHB Retail Research
Trading Stocks - Kelington Group
Kelington Group may reclaim its historical high, as it bounced off the 21-day average line, while climbing towards the immediate resistance MYR1.76 on high trading volume. If it manages to breach that level, it may hit the historical high – at the MYR1.88 threshold, before moving towards the uncharted territory marked by the MYR2.00 threshold. However, falling below the MYR1.68 support may see the stock descending further.
Source: RHB Securities Research - 17 Nov 2021
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