RHB Retail Research: Kelington Group breaks away from consolidation phase indicates uptrend likely

RHB Retail Research says Kelington Group Berhad broke away from its consolidation phase around the 21-day SMA line, which indicates that its uptrend is likely resuming.

In a trading note, the research house says a positive bias may emerge above MYR1.11, with resistance points at MYR1.19, followed by MYR1.25.

Traders can set a stop-loss below MYR1.11.

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