Solar District Cooling Group (SDCG | 0321)
Last Price: RM0.54 | Technical Call: BUY
Support 1: RM0.51 | Resistance 1: RM0.60 |
Support 2: RM0.47 | Resistance 2: RM0.65 |
Shariah Compliant: Yes | Sector: Industrial |
We expect further upside for Solar District Cooling Group after it broke above the key RM0.51 resistance with a long positive candle yesterday. As the stock has surged to a 6-week high, the upward momentum appears to be picking up. A bullish bias may emerge above the RM0.51 level with stop-loss set at RM0.46, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.65.
Entry: RM0.51-0.54
Target: RM0.60, RM0.65
Exit: RM0.46
Source: AmInvest Research - 5 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 01, 2024