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Hot Stock Kronologi gains momentum, up 5.26%
by Cals Fri 16 Oct 2015, 18:07
- Hot Stock
[size=28]Kronologi gains momentum, up 5.26%
By Surin Murugiah / theedgemarkets.com | October 16, 2015 : 9:48 AM MYTKUALA LUMPUR (Oct 16): Shares of Kronologi Asia Bhd (Krono) ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A) jumped 5.26% in early trade today after Hong Leong IB Research said it was of the view that Krono’s share price is likely to gain stronger momentum at an accelerating velocity due to several bullish indicators.
At 9.30am, Krono rose 1 sen to 20 sen with 2.63 million shares done.
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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