Possible for further upside. K1’s share price is bottoming out of consolidation phase. Bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should RM0.205 resistance level be broken, it may continue to lift price higher to the next resistance level of RM0.220.
However, failure to hold on to support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 21 Dec 2017
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stockswizard
This stock is the next press metal, also triggering technical analysis BUY signal.
https://klse.i3investor.com/blogs/huathuathuat/142046.jsp
2017-12-21 09:51