Rakuten Trade Research Reports

Technical View - SD Guthrie Bhd

rakutentrade
Publish date: Mon, 23 Sep 2024, 11:27 AM
rakutentrade
0 2,157
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

SD Guthrie Bhd (SDG, 5285)

  • We foresee further upside for SD Guthrie following the break-out from its crucial resistance atRM4.68 last Friday with a strong white Marubozu candle. The increased trading volume has pushed the share price near its all-time high to close above the converging EMAs, thereby strengthening the positive momentum in the near term.
  • We expect the rising momentum to steer the stock higher and test the next resistance of RM4.77 (R1)followed by RM4.98 (R2) in the near term.
  • On the downside, stop-loss is set at RM4.46.

Source: Rakuten Research - 23 Sep 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment