KUALA LUMPUR (Dec 12): RHB Retail Research said Kronologi Asia Bhd may rebound higher after it continued holding above the 99 sen support.
In a trading stocks note today, the research house said that as the stock rose above the 21-day SMA line, this indicates a positive sign.
“A bullish bias may appear above the 99 sen level, with an exit set below the 99 sen threshold.
“Towards the upside, the near-term resistance level is at RM1.15. This is followed by the RM1.28 level,” it said.