SD Guthrie Bhd

• We believe buying interest in SDG has returned, as illustrated by the formation of a long positive candlestick yesterday. The stock broke out of its bullish flag pattern accompanied by an upside gap, further reinforced by healthy EMAs and an improving RSI hence strengthening the positive momentum in the near term.

• We expect the rising trajectory to steer the stock higher and test the next resistance at RM5.19 (R1) followed by RM5.40 (R2) in the near term.

• On the downside, stop-loss is set at RM4.56

Source: Rakuten Research - 3 Dec 2024

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

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