KSL's uptrend may accelerate

On December 27 last year, I've posted on the bullish breakout for KSL at the RM1.60 level (here). Since then, KSL has risen to a high of RM2.13 before consolidating. Its trading for the past few weeks has been range-bounced between RM1.90 & RM2.11. This morning, KSL has broken above this trading range, albeit with small volume. If this breakout can sustain over the next day or so, KSL share price may rise further. The next resistance levels are at RM2.40 & RM2.50.


Chart: KSL's daily chart as at Feb 23