Recently broke out 1-month resistance, and continue to almost break the old resistance of 0.935.
Entry: 0.93 (avg)
SL: 0.895
TP: 1.03 (10%)
TP2: SMI turned dark green
We notice a breakout above the Symmetrical Triangle, hence we expect further bullish movement towards our target at 1.175. Nearest support is seen on the apex of the triangle at 0.835. Price movement below S2 will negate the whole bullish view.
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KIMLUN
Rst: 0.965/ 1.10/ 1.28
Spp: 0.89
Still in early stage of long term bullish RB breakout run, substantial trading volume has emerged, and BB broadening at scope never seen before since MAR-2020.
Strength in the chart:
1. Formed Spring bar
2. Almost back to support
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Strength in the chart:
1. Confirmation of accumulation on background
2. Staying above gap with spring
3. Downbars with low volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and...
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7. Inari
8. Econpile
9. KimLun
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and...
For QE30/6/2018 (2Q2018), Kimlun’s net profit dropped 22% q-o-q or 33% y-o-y to RM10 million while revenue was mixed - dropped 1% q-o-q but rose 12% y-o-y to RM218 million.
Revenue dropped 1.3% q-o-q but profit after tax dropped 22% or RM2.76 million due to sharp drop in Group’s gross profit of RM3.34 million or 12.2% due to lower gross profit margin achieved by...
