Kelington Group may climb higher, says RHB Retail Research

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KUALA LUMPUR (May 18): RHB Retail Research said Kelington Group Bhd may climb higher after it breached above the RM1.10 threshold.

In a trading stocks note today, the research house said last Friday’s white candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment.

“An upbeat bias may emerge above the RM1.10 level, with an exit set below the RM1.02 mark.

“Towards the upside, the immediate resistance is at the RM1.24 level, followed by the RM1.33 threshold,” it said.