AmInvest Research Reports

Stocks on Radar - Kein Hing International

Publish date: Tue, 11 Oct 2022, 09:39 AM
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Kein Hing International may trend higher after it surged to a new 52-week high and closed above the RM1.20 resistance on Friday. Given that the stock has broken out from the 2-week bullish flag formation as well, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM1.20 level, with a stop-loss set at RM1.11, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.35, followed by RM1.40.

Entry : RM1.20–1.24

Target : RM1.35, RM1.40

Exit : RM1.11


Source: AmInvest Research - 11 Oct 2022

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