KUALA LUMPUR (Oct 2): PublicInvest Research said Kronologi Asia Bhd is striving to establish a new uptrend.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 64 sen be broken, it may continue to lift price higher to subsequent resistance level of 66.5 sen and 69 sen.

“However, failure to hold on to support level of 61 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.