KUALA LUMPUR: Maybank Investment Bank Research advises investors to accumulate George Kent shares on a technical basis.
The research house said George Kent had rebounded from RM3.07 low lifted the candles above its 10-day and 21-day EMA lines.
“We believe a new up leg has been established, with resistance seen at RM3.42 and RM3.57,” it said.
It added that the accumulation level was between RM3.24 and RM3.28 while the stop loss level was below RM3.07.
George Kent added 0.92%, or three sen to RM3.29 in early trade Wednesday. The counter has edged about 73% higher, year to date.