Technical Stockpick - Karex Bhd
Fri, 21-Feb-2025 06:15 am
by Amir Hamdan • Apex Research

KAREX (5247)
Last Price (RM)
1.000
Resistance (RM)
R1 — 1.070 / R2 — 1.100
Support (RM)
S1 — 0.955

Technical Commentary: 

Price have bottomed out in early August 2024 before ascending sharply higher. With bouts of volatility taking shape, price has recently staged a mild pullback before bouncing off EMA120. Price formed a short-term breakout pullback continuation pattern above RM1.00 and may advance to target the next resistances located at RM1.07-RM1.10. Downside wise, support is envisaged at RM0.955.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.214533 4.248909
EUR 4.942032 4.952931
CNY 0.589638 0.591023
HKD 0.536766 0.541180
SGD 3.305086 3.332493