SDS is attempting to stage a bullish breakout, knocking on the immediate resistance with high volume. The counter has been moving sideways below the MYR0.75 resistance for consolidation. If it climbs above the immediate resistance, bullish bias will emerge. In this case, the momentum would propel the counter towards next resistance of MYR0.78, followed by MYR0.83. Conversely, falling below the MYR0.705 support would unleash the downward movement.

Source: RHB Securities Research - 29 Jan 2024