LKL International active, up 8.33% on positive technical outlook

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KUALA LUMPUR (March 31): Shares in LKL International Bhd rose 8.33% in active trade this morning following a positive technical outlook on the stock.

At 9.20am, LKL rose 2 sen to 24 sen with 9.84 million shares done.

RHB Retail Research said LKL International Bhd may rise higher after it breached above the 23 sen mark.

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

“An upbeat bias may emerge above the 23 sen level, with an exit set below the 20.5 sen mark.

“Towards the upside, the immediate resistance is at the 28 sen level, followed by the 30 sen threshold,” it said.

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