
12/07/2024
π TURNAROUND STORY: KIMLUN ROARS BACK TO LIFE, BREAKS OUT TO 0.905, SETS SIGHTS ON 1.71! π
π Stock Analysis: KIMLUN CORPORATION BERHAD (MYX: KIMLUN) has shown a remarkable recovery. After bottoming at 0.485 in March 2020, it went through a 4-year consolidation period. Now, it has broken out above 0.905 in September 2024, driven by strong volumes and robust fundamentals, setting a clear technical target of 1.71.
π Chart Analysis: As shown in the chart, the stock has formed a solid base over the years and has finally broken out, indicating a strong upward momentum.
π‘ Key Indicators:
EMA 20 close at 1.20
EMA 50 close at 1.02
EMA 100 close at 0.945
EMA 200 close at 0.745
πΌ Investment Insight: This breakout is significant for investors looking for potential high returns. With the fundamentals aligning and technical indicators supporting the move, KIMLUN could be poised for substantial growth.