KSL Holdings may rise higher after it surged to a new multi-year high and closed above the RM1.26 resistance yesterday. With 20-day and 50-day EMAs starting to trend higher again, additional upside strength may be present in the near term. A bullish bias may emerge above the RM1.26 level, with stop-loss set at RM1.16, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.50, followed by RM1.60.
Entry : RM1.26–1.32
Target : RM1.50, RM1.60
Exit : RM1.16
Source: AmInvest Research - 9 Jan 2024
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Created by AmInvest | Nov 01, 2024