Kelington Group (KGB | 0151)
Last Price: RM3.39 | Technical Call: BUY
Support 1: RM3.20 | Resistance 1: RM3.70 |
Support 2: RM3.00 | Resistance 2: RM4.00 |
Shariah Compliant: Yes | Sector: Industrial |
Kelington Group may trend higher after it surged above the RM3.20 resistance with a long positive candle two sessions ago.
As the 20-day and 50-day EMAs have confirmed their bullish crossover last week, upward momentum may be present now. A bullish bias may emerge above the RM3.20 level with stop-loss set at RM2.98, below the 50-day EMA. Towards the upside, near- term resistance level is seen at RM3.70, followed by RM4.00.
Entry: RM3.20-3.39
Target: RM3.70, RM4.00
Exit: RM2.98
Source: AmInvest Research - 18 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024
Created by AmInvest | Nov 14, 2024