Technical Stockpick - Kelington Group Bhd
Wed, 22-Jan-2025 06:52 am
by Amir Hamdan • Apex Research

KGB (0151)
Last Price (RM)
3.460
Resistance (RM)
R1 — 3.610 / R2 — 3.700
Support (RM)
S1 — 3.300

Technical Commentary: 

After briefly re-testing SMA200 across several occasion, price staged a recovery. Following a short-term of consolidation, price pullback towards SMA 200 again before charging higher. Price has formed a breakout-pullbackcontinuation pattern above RM3.39. For now, traders may anticipate for an extension of recovery to target next resistances located at RM3.61-RM3.70. Downside wise, support is envisaged at RM3.30.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.461227 4.492117
EUR 4.632123 4.637427
CNY 0.613888 0.614502
HKD 0.573047 0.577030
SGD 3.281156 3.304154