Southern Score Builders Berhad (SSB8, 0045)

• SSB8 broke out from its rectangular pattern with a long white candlestick at the previous close,indicating strong buying interest. The stock is now trading above both the 20-day and 50-day EMAs, signalling sustained bullish momentum. The rising RSI further confirms the upward trend, though it is nearing the overbought zone.

• We anticipate the stock to test the initial resistance at RM0.65 (R1), with RM0.72 (R2) as the nextpotential target.

• On the downside, stop-loss is set at RM0.45.

Source: Rakuten Research - 9 Dec 2024

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