We expect further upside for SDS Group after it gapped up and posted a long white candle yesterday. The stock’s move above the RM0.685 resistance coupled with rising EMAs indicate that upward momentum may persist. A bullish bias may emerge above the RM0.685 level, with stop-loss set at RM0.63, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.80, followed by RM0.86.

Entry : RM0.685–0.705

Target : RM0.80, RM0.86

Exit : RM0.63

Source: AmInvest Research - 5 Dec 2023