AmInvest Research Reports

Stock on Radar - SD GUTHRIE (SDG)

AmInvest
Publish date: Mon, 30 Sep 2024, 10:45 AM
AmInvest
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SD GUTHRIE (SDG | 5285)

Last Price: RM4.81 | Technical Call: BUY

Technical chart: SDG

Support 1: RM4.70Resistance 1: RM5.20
Support 2: RM4.50Resistance 2: RM5.40
Shariah Compliant: YesSector: Plantation

SD Guthrie may rise higher after it formed a long positive candle and hit a new 52-week high a few sessions ago. The stock's move above the RM4.70 resistance coupled with its rising EMAs, indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM4.70 level with stop-loss set at RM4.48, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM5.20, followed by RM5.40.

Entry: RM4.70-4.81

Target: RM5.20, RM5.40

Exit: RM4.48

 

Source: AmInvest Research - 30 Sep 2024

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