KHEESAN: (17/06/2019 - 26/07/2019) Consolidation Above Support

Khee San Bhd is a Malaysian-based company. Its principal business is the manufacturing of candies and wafer confectionery. The company operates in two segments Investment and Manufacturing and trading. Its manufacturing facilities are located in Seri Kembangan, Malaysia. Its products include candies, chewy, tablet, hard, bubble gum, chewing gum, deposited, and wafers. Its products are marketed under brand label Fruitplus, Torrone, Victory, S’creams, Tip Top, and Lovin. It generates the majority of the revenue from Malaysia.

Price Action 30 days (17/06/2019 - 26/07/2019)

17/06/2019 - Lowest low since 2008 (11 years) at 0.267
26/07/2019 - O: 0.315 H: 0.325 L: 0.310 C:0.310
Price closed on 26/07/2019 at 0.310 above support level at 0.300
Price expected to test resistance level at 0.330 on the coming trading week.
If price break through and maintain above resistance level at 0.330, price expected to test next resistance level at 0.360 which was previously tested 2 weeks ago on 12/07/2019.
If price break down and maintain below support level at 0.300, price expected to test previous lowest low at 0.267.