$KSL / 5038 (KSL HOLDINGS BERHAD) has been under observation since August 8, 2023, when it experienced a remarkable surge in trading volume, reaching 6.2 million. This sudden spike in activity signalled a potential shift in the stock's dynamics.

From August to September, KSL started its bullish trend from August to September with a 45.51% increase. This positive momentum was accompanied by a surge in trading volume, which reached its highest level since March 2021, peaking at 11.97 million. This increment hinted at a significant shift in investor sentiment and trading patterns.
However, approximately six weeks into this upward trajectory, KSL seemed to show signs of a possible trend reversal. Interestingly, this phase also appeared to be a consolidation period, indicating that investors were closely watching for the next move in the stock's performance.

Yesterday on November 11, KSL appeared to have broken out from the resistance trend-line at 1.10, forming a distinct bull flag pattern. According to the flag pattern theory, this breakout suggested the potential for another trend reversal, this time towards a bullish direction. In line with this pattern, the first target profit can be projected by measuring the distance equivalent to the size of the flag, setting a target price of 1.25 (target price 1). If there is sustained strong trading volume and buying power, a second target price can be determined by assessing the vertical distance between the high and low of the pole, with a target price 2 at 1.40 (target 2). To manage potential downside risks effectively, it's crucial to establish a stop loss within the range of 1.07-1.05 in accordance with the trendline support.

Moreover, it's worth noting that KSL operates in the property sector. From a fundamental perspective, the property sector emerged as the top-performing sector during the third quarter of 2023, as reported by @stockbitmy in this post https://cutt.ly/4wmHGC3u. Analysts have also pointed out that the property and construction sector was front and center of any discussions in advance of Budget 2024, which will be announced tomorrow 13th October.

*Please note that the information provided here is for educational and analytical purposes only, and it should not be construed as investment advice or a recommendation to buy or sell any securities. This is simply my perspective for study and discussion.