Highlights / Stock Picks of the Day - KSK Group Berhad

KSK Group Berhad's ("KSK") share price had also been an uptrend since mid-2011, making higher highs and higher lows consistently. The share price subsequently hit a snag at RM0.65, having retested this level on 5 separate occasions. KSK finally took out this resistance level in June this year. This resistance-turned-support level has proven effective as KSK has managed to hold up against further losses below this level despite the sharp sell-down in the broader market in the past month. The share price then staged a strong rebound, accompanied by the MACD, Stochastic and RSI indicators rising in unison. Next up, KSK may look to retest the RM0.705 high after which, further gains may be expected into the uncharted territory.

Source: Kenanga