RHB Retail Research: Kelington shows signs of further rebound

RHB Retail Research says Kelington Group Berhad formed a white candle to cross above MYR1.01 mark and the 21-day SMA line – this indicates a good possibility that its rebound may be extending.

In a trading note, the research house says a positive bias may emerge above MYR1.01 with resistance levels expected at MYR1.06 followed by MYR1.13.

“A stop-loss can be placed below MYR1.01.”

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