RHB Investment Bank Bhd (RHB Research) has identified Kuala Lumpur Kepong Bhd (KLK) and Kee Ming Electrical Manufacturing Bhd as its latest trading ideas, citing bullish technical signals that could support further gains in both counters.
According to the research house, KLK is poised to extend its upward trajectory after breaking above the RM20.36 resistance level.
The plantation group recently formed a bullish candlestick pattern and closed above the key resistance level, confirming a positive technical setup. Riding on the strong momentum, RHB Research expects the stock to test RM21.72 in the near term before potentially advancing towards RM23.
However, the research house noted that a decline below the RM19 support level would invalidate the bullish outlook and signal the start of a correction phase.
Meanwhile, Kee Ming is also showing signs of strengthening momentum after recently testing its immediate resistance level.
RHB Research said the stock is trading above its 21-day simple moving average (SMA), indicating that bullish sentiment remains intact.
A successful close above the RM1.13 resistance level could attract additional buying interest and propel the stock towards RM1.20, followed by RM1.27.
On the downside, a fall below RM1.06 could weaken market sentiment and trigger a correction, according to the research house.
The latest trading calls come as investors continue to monitor technically driven opportunities amid ongoing market volatility and sector-specific developments.
