Possible for bottom fishing in KSL, says PublicInvest Research

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KUALA LUMPUR (Jan 11): PublicInvest Research said KSL Holdings Bhd is showing signs of recovery from its consolidation phase.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to subsequent resistance level of 79.5 sen.

“However, failure to hold on to support level of 70 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.