Kelington Group may trend higher, says RHB Retail Research

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KUALA LUMPUR (Sept 7):  RHB Retail Research said Kelington Group Bhd may trend higher after it formed a white candle and breached above the 90 sen threshold.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment.

“A bullish bias may emerge above the 90 sen level, with an exit set below the 83 sen mark.

“Towards the upside, the immediate resistance is at RM1.00. This is followed by the RM1.10 level,” it said.