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Keyfield is looking to extend its upside movement after staging a bullish breakout. The counter has jumped above the RM1.70 resistance on the back of high volume, showing that a bullish technical setup is in play. After the breakout, the stock is poised to test the next resistance at RM1.83, followed by the one at RM1.95
Keyfield momentum confirm steady until can fly so just hold tight and keep riding the wave. No need to overthink the charts because the trend already look damn solid for now
ESOS dilution always creates some selling pressure but the underlying business fundamentals for Keyfield remain solid. Once the dust settles and that supply is absorbed, the share price should regain its momentum back to the previous highs.
