AmInvest Research Reports

Stock on Radar - SDS Group (SDS)

AmInvest
Publish date: Wed, 02 Oct 2024, 08:51 AM
AmInvest
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SDS Group (SDS | 0212)

Last Price: RM1.27 | Technical Call: BUY

Technical chart: SDS

Support 1: RM1.24Resistance 1: RM1.40
Support 2: RM1.13Resistance 2: RM1.50
Shariah Compliant: YesSector: Consumer

SDS Group's buying interest is back after it broke out of the 1-month bullish rectangle pattern with a long positive candle yesterday. The stock also posted two positive candles in a row and hit a new all-time high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM1.24 level with stop-loss set at RM1.11, below the 27

Sep low. Towards the upside, near-term resistance level is seen at RM1.40, followed by RM1.50.

Entry: RM1.24-1.27

Target: RM1.40, RM1.50

Exit: RM1.11

 

Source: AmInvest Research - 2 Oct 2024

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