KKB Engineering may trend higher, says RHB Retail Research

KUALA LUMPUR (Aug 2): RHB Retail Research said KKB Engineering Bhd may trend higher after it formed a long white candle and breached above the RM1.40 threshold.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this also implies a positive outlook sentiment.

“A bullish bias may appear above the RM1.40 level, with an exit set below the RM1.34 threshold.

“Towards the upside, the near-term resistance is at RM1.50. This is followed by the RM1.60 level,” it said.

Source: TheEdgeMarkets