Kimheng has just broken above the 0.25 resistance yesterday on strong volume. This could be the start a new reversal to Uptrend as it has finally broken upwards above the Downward sloping channel resistance line. On top of that, Kimheng has also cleared above the 20 DAY MA short term moving average which also coincides with the 0.25 level…. Next resistance would be at 0.275 and a break above that can see it got o 0.30 to 0.32 in the short term. DBS initiated coverage today with TP AT 0.33 also.
Stop loss at 0.22.
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