GEORGE Kent rose to a high of RM1.78 in early session, the best since August 2014 before paring gains to close flat owing to an apparent profit-taking activity. In spite of that, the moving average convergence/divergence histogram continued to expand positively against the signal line to keep the bullish note, implying a breakout of the relatively strong barrier of RM1.80 may be on the cards. If successful, the next upside objective would be to test the RM2-RM2.04 heavy resistance band. The immediate support is pegged at the 21-day simple moving average of RM1.65.
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