RHB Retail Research: KKB Engineering may move higher

RHB Retail Research says KKB Engineering Bhd may move higher after it formed a second consecutive white candle, leaving an upside gap.

In a trading note, the research house says with the 21-day SMA line edging upwards, this implies positive sentiment.

“An upbeat bias may emerge above the MYR1.80 level, with an exit set below the MYR1.63 mark.

“Towards the upside, the immediate resistance is at the MYR2.00 level, followed by the MYR2.20 threshold,” it says.

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