KEYFIELD INTERNATIONAL (KEYFIELD | 5321)
Last Price: RM2.39 | Technical Call: BUY
Support 1: RM2.30 | Resistance 1: RM2.60 |
Support 2: RM2.20 | Resistance 2: RM2.70 |
Shariah Compliant: Yes | Sector: Energy |
Keyfield International's buying interest is back after it broke out of the 2-week bullish flag pattern with a long positive candle yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since early January, the uptrend may persist in the near term. A bullish bias may emerge above the RM2.30 level with stop-loss set at RM2.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.60, followed by RM2.70.
Entry: RM2.30-2.39
Target: RM2.60, RM2.70
Exit: RM2.18
Source: AmInvest Research - 17 Jan 2025
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