KUALA LUMPUR (April 17): RHB Retail Research said Kelington Group Bhd may rebound further after it tested MYR1.27 support in its latest session.

In a trading stocks note today, the research house said as the stock has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced.

“A bullish bias may appear above the RM1.27 level, with an exit set below the RM1.27 threshold.

“Towards the upside, the near-term resistance is at RM1.40. This is followed by the RM1.50 level,” it said.