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CIMB Research has technical Buy on KSL
by hlk Mon 04 Jul 2011, 10:22
KUALA LUMPUR: CIMB Equities Research has a technical Buy on KSL Holdings at RM1.93 at which it is trading at a price-to-book value of 0.8 times.
It said on Monday, July 4 that KSL Holdings broke out of its ascending triangle last week.
“We think it is ripe for a stronger rebound. Buying momentum should pick up once the candles swing past its recent high of RM1.98,” it said.
CIMB Research said technical landscape is positive. MACD histogram bars continue to gain strength while RSI is above above the 50pts mark.
“Aggressive traders may take some position here while others should wait for a push above RM1.98 before going long. Always put a stop at RM1.86-RM1.75, depending on one’s risk appetite,” it said.
It said on Monday, July 4 that KSL Holdings broke out of its ascending triangle last week.
“We think it is ripe for a stronger rebound. Buying momentum should pick up once the candles swing past its recent high of RM1.98,” it said.
CIMB Research said technical landscape is positive. MACD histogram bars continue to gain strength while RSI is above above the 50pts mark.
“Aggressive traders may take some position here while others should wait for a push above RM1.98 before going long. Always put a stop at RM1.86-RM1.75, depending on one’s risk appetite,” it said.
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