share_log

Stock Picks Of The Day: Kelington Group And Pecca Group

Business Today ·  Nov 24, 2024 17:43
big

RHB Investment Bank Bhd (RHB Research) has spotlighted Kelington Group and Pecca Group as stocks to watch, with both counters showing promising bullish trajectories.

Kelington Group's bullish momentum was confirmed after breaking above the RM3.50 resistance level, closing with a strong white candlestick. Analysts expect the stock to climb further, targeting RM3.75 and potentially RM4. However, a dip below the RM3.30 support could signal a correction.

Pecca Group also demonstrated bullish signals after surpassing the RM1.32 resistance last week with a robust white candlestick. Should the momentum sustain, the stock is projected to rise towards RM1.42 and RM1.50. A breach below the RM1.26 support, however, could negate this setup.

RHB Research emphasises monitoring these counters for sustained breakouts and adherence to support levels to gauge further upside potential.

big
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment