KUALA LUMPUR (Oct 7): RHB Retail Research said Kelington Group is poised for a rebound from the recent pullback, after it bounced off the 21-day average line recently – it opened with a gap then headed towards the all-time high of RM1.88.

In a trading stocks note today, the research house said if the stock manages to breach that level, the momentum is expected to propel the stock towards the uncharted territory of the RM2.00 psychological level, before possibly hitting the RM2.10 threshold.

“However, this expectation will be cancelled if it falls below the support of RM1.70,” it said.