Kelington Group broke out from a 3-week bullish flag pattern with another positive candle yesterday, implying that its previous uptrend may have resumed. The stock pushing near its all-time high, supported by rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM3.40 level with stop-loss set at RM3.24, below the 25 Jun low. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.20.

Entry : RM3.40–3.60

Target : RM4.00, RM4.20

Exit : RM3.24

Source: AmInvest Research - 3 Jul 2024