RHB Investment Research Reports
Trading Stocks - KKB Engineering
rhbinvest
Publish date: Tue, 20 Feb 2024, 10:28 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
KKB Engineering’s price is in the midst of a sideways consolidation between the MYR1.67 and MYR1.78 levels, with buying pressure observed yesterday above the support level. If it manages to move past the MYR1.78 immediate resistance, the stock’s price may climb higher towards the MYR1.84 recent high, followed by the MYR1.91 next resistance. However, if the price falls below the MYR1.67 support, this signals the reversal of the trend.
Source: RHB Securities Research - 20 Feb 2024
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