Technical Update for Kanger International (KLSE: 0170)

Post consolidation, we can see KANGER is trading in a very tight range between RM0.150 and RM0.200. Based on our past experience, the involvement of KANGER in the construction and property sector is likely to draw investor’s attention towards them. Therefore, we recommend investors who are interested in the company to start accumulating in the RM0.150 key support level, and benchmarking RM0.200, RM0.225, RM0.250 as TP1, TP2 and TP3.

Indeed, this could be a high-risk trade, but the reward is overwhelmingly high too.

Cheers.