Where is the bottom for KANGER (KLSE: 0170) ?

Despite having really solid turnaround plans in place, KANGER unavoidably still faced the market force that had pressured their share price close to 52-weeks low levels. Although the company seemed to have share consolidation in place as an initiative to benefit the shareholders further, most investors did not appreciate the corporate exercise. But for now, we noticed a bottoming and consolidation pattern for KANGER.

That being said, traders must take on caution on breach at support level as stipulated below.

Trading Buy: Collect around RM 0.030 – RM 0.035

TP: RM 0.050, RM 0.065 (Minimum reward level of 42.87%)

Cut Loss: RM 0.025