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SEE_RESEARCH
KSSC /5192
SUMMARY
Target Prices
(i) First Immediate term --- RM 0.94 to RM 1.05
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1ST Target Price: RM 0.94
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2ND Target Price : RM 1.05
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Last closing price: RM0.865 / as at 5.00 pm ., 23 July 2021
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Potential return: 13 %, 26 %
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Support: RM0.74
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Stop Loss: RM0.70
Possible for further positive recovery.
KSSC is recovering from its technical retracement phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should the immediate resistance level of RM0.94 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM 1.05
However, failure to hold on to support level of RM0.70 may indicate weakness in the share price and hence, a cut-loss signal.
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REMARKS
(i) The low for 21 July 2021 is RM 0.74
(ii) The low for 22 July 2021 is RM 0.805
(iii)The low for 23 July 2021 is RM 0.81
(iii)The low for 24 July 2021 is RM 0.81
Thus , KSSC has made considerable recovery as the low is mark as higher low ;
thereby it implies KSSC has regained and maintained its technical composure;
reflecting a healthy trend , likely a breakout in an upwards motion.
(iii) Failure to close above RM 0.70, need to exit .