KKB Engineering may be headed for a technical breakout after climbing strongly and moving towards the immediate resistance of MYR1.85 on a spike in trading volume. If a breakout above that level happens, the bullish momentum may propel the stock towards MYR2, followed by the next resistance point of MYR2.10. However, breaching below the MYR1.70 support would reverse the momentum, as it would be trading below the 21-day SMA line.

Source: RHB Securities Research - 30 Apr 2024