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Kronologi share price likely to gain stronger momentum, says HLIB Research
by Cals Fri 16 Oct 2015, 18:06
Kronologi share price likely to gain stronger momentum, says HLIB Research
By theedgemarkets.com / theedgemarkets.com | October 16, 2015 : 8:59 AM MYTKUALA LUMPUR (Oct 16): [size=16]Hong Leong IB Research said it was of the view that Kronologi Asia Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A)’s (Krono) share price is likely to gain stronger momentum at an accelerating velocity due to several bullish indicators.
In a note today, the research house moreover said that Krono’s share price has penetrated above the Ichimoku Cloud on daily chart.
“Hence, we are looking at target prices of 20 sen, 22 sen and 24 sen.
“Supports are pegged at 18.5 sen and 18 sen, with cut loss below 17.5 sen,” it said.
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