AmInvest Research Reports

Stock on Radar - SDS Group (SDS)

AmInvest
Publish date: Wed, 27 Nov 2024, 12:29 PM
AmInvest
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SDS Group (SDS | 0212)

Last Price: RM1.22 | Technical Call: BUY

Technical chart: SDS

Support 1: RM1.18Resistance 1: RM1.30
Support 2: RM1.10Resistance 2: RM1.40
Shariah Compliant: YesSector: 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

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