Karex Bhd
(stock code: 5247) slipped on Friday in a sign of consolidation after three consecutive sessions of gains. After spending the morning session in positive territory, the share price lost momentum over the course of the day to end near the immediate support of 56 sen.
However, there continues to be a bullish pattern in the stock, which is currently trading above all the key simple moving averages (SMA). Going by the bullish sentiment, the uptrend is expected to continue following a pause in the rally while the technical indicators fully neutralise.
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