SDS Group (SDS | 0212)
Last Price: RM1.22 | Technical Call: BUY
Support 1: RM1.18 | Resistance 1: RM1.30 |
Support 2: RM1.10 | Resistance 2: RM1.40 |
Shariah Compliant: Yes | Sector: Consumer |
SDS Group broke out from its 1-month bullish triangle pattern with a long positive candle yesterday, implying that a bullish reversal sign may have occurred. As its 20-day and 50-day EMAs are converging now and are likely to turn up in the near term, bullish momentum is rising. A bullish bias may emerge above the RM1.18 level with stop-loss set at RM1.08, below the 7 Nov low. Towards the upside, near-term resistance level is seen at RM1.30, followed by RM1.40.
Entry: RM1.18-1.22
Target: RM1.30, RM1.40
Exit: RM1.08
Source: AmInvest Research - 27 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 27, 2024
Created by AmInvest | Nov 27, 2024