RHB Retail Research: Kelington Group Bhd may climb higher

RHB Retail Research says Kelington Group Bhd may climb higher after it breached above the MYR1.10 threshold.

In a trading note, the research house says last Friday’s white candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment.

“An upbeat bias may emerge above the MYR1.10 level, with an exit set below the MYR1.02 mark.

“Towards the upside, the immediate resistance is at the MYR1.24 level, followed by the MYR1.33 threshold,” it says.

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