Wed, 8 Feb 2017, 11:20 AM
KSL (5038) - Stocks On Radar - KSL Holdings Bhd
KSL was testing the MYR1.12 resistance level with a bullish white candle and strong volumes in its latest session. The stock may experience a further technical rebound if it breaches this point in the near term. The target price is set at MYR1.21, followed by MYR1.31. However, it may drift sideways if it cannot violate this point in the near term. In this scenario, support is expected at MYR1.00 whereby traders may exit to avoid the risk of further weakness.
Trading Call: Buy on further technical rebound above MYR1.12 Target: MYR1.21, MYR1.31 (time frame: 2-4 weeks) Exit: MYR1.00
Source: AmInvestment Research - 8 Feb 2017
KSL (5038) - Stocks On Radar - KSL Holdings Bhd
http://klse.i3investor.com/blogs/amresearch/115453.jsp
