SSF Home Group Bhd (SSF, 0287)

• We believe SSF is regaining its bullish traction following a breakout from its 5.5-week rectangular pattern, highlighted by a robust white candlestick. The imminent golden cross of the 20 and 50-day EMAs, coupled with an improving RSI, further suggests that the bullish momentum is gaining traction.

• We expect the rising trajectory to steer the stock higher and test the next resistance at RM0.385 (R1) followed by RM0.40 (R2) in the near term.

• On the downside, stop-loss is set at RM0.325.

Source: Rakuten Research - 5 Dec 2024

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