KJTS Group may trend higher after it surged to a new all-time high and closed above the RM0.63 resistance albeit marginally yesterday. With the bullish harami pattern coming off the 20-day EMA, upward momentum is likely picking up. A bullish bias may emerge above the RM0.63 level, with a stop-loss set at RM0.55, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.70, followed by RM0.75.
Entry : RM0.63–0.64
Target : RM0.70, RM0.75
Exit : RM0.55
Source: AmInvest Research - 15 Mar 2024
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Created by AmInvest | Nov 21, 2024