Feb 24, 2016

Kia Lim May Rebound Further

Kialim Stock Code : 6211

kialim analysis

Kia  Lim  was  testing  the  MYR0.725  level  in  its  latest  session  after recovering  above  the  50-day  MAV  line.  The  stock  may  rebound further if it breaches this level in the near term, with a target price of  MYR0.81.  On  the  other  hand,  it  may  consolidate  further  if  the MYR0.725  mark  cannot  be  surpassed.  Support  may  be  found  at MYR0.65, where traders can exit upon a breach.

source: RHB Securities 24/02/2016 

The Company is an investment holding company involved in the manufacture of bricks and other related products.