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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 27 Nov 2020, 11:04 AM

 

Technical Buy - SDS (0212)

Author:   |    Publish date:


  • Target Price: RM0.205, RM0.225
  • Last closing price: RM0.195
  • Potential return: 5.1%, 15.3%
  • Support: RM0.185
  • Stop Loss: RM0.170

Possible for chart pattern breakout. SDS is breaking out of its descending triangle pattern formation. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.205 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.225.

However, failure to hold on to support level of RM0.185 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 26 Jun 2020

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Labels: SDS

Related Stocks

Chart Stock Name Last Change Volume 
SDS 0.20 0.00 (0.00%)

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