RHB Retail Research: LKL International may rebound further

RHB Retail Research says LKL International Bhd may rebound further after it tested the MYR0.335 support in its latest session.

In a trading note, the research house says yesterday’s white candle can be viewed as a continuation of the bulls extending the buying momentum from 27 Apr’s upside gap.

“An upbeat bias may emerge above the MYR0.37 level, with an exit set below the MYR0.335 mark.

“Towards the upside, the immediate resistance is at the MYR0.43 level, followed by the MYR0.45 threshold,” it says.

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