Kelington Group is expected to resume its positive momentum after attempting to move past the immediate resistance level of MYR1.74 recently. If the immediate resistance is breached – likely printing a “higher high” bullish pattern – the follow-through bullish momentum should drive the stock towards the resistance of MYR1.88, then MYR2.00. However, falling below the MYR1.64 support may see the stock descending further below the 21-day average line.

Source: RHB Securities Research - 27 Dec 2021