KUALA LUMPUR (June 22): RHB Retail Research said Kelington Group Bhd is attempting to stage a rebound after it bounced off strongly from the support while moving towards the immediate resistance of RM1.18 on Tuesday (June 21).

In a trading stocks note on Wednesday, the research house said if the stock breaches above that level (which is also above the 21-day average line), the stock may climb further towards the RM1.25 mark or June 8’s high, followed by RM1.30.

“If it falls below the support level of RM1.10, the stock may trend downwards, forming a 'lower low' bearish pattern below the average line,” it said.