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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Possible for further upside in Kawan Food, says PublicInvest Research

KAWAN
KAWAN
Original Source From TheEdge Publish at Thu, 09 Jan 2020, 08:37AM

KUALA LUMPUR (Jan 9): PublicInvest Research said Kawan Food Bhd is staging potential recovery from its consolidation phase.

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 RM1.47 be broken, it may continue to lift price higher to subsequent resistance levels of RM1.52 and RM1.60.

“However, failure to hold on to support level of RM1.40 may indicate weakness in the share price and hence, a cut-loss signal,’ it said.

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updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
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Foreign
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2.31 B 2.23 B 77.37 M
Local Institution
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3.66 B 3.67 B 0.00 B
Local Retail
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