SDS Group may rise higher after it surged to a 7-month high and closed above the RM0.35 resistance (February’s high) yesterday. Coupled with the positive cross of its 20-day EMA above the 50-day EMA a few candles back, this bullish crossover has enhanced the near term upward momentum. A bullish bias may emerge above the RM0.35 level, with a stop-loss set at

RM0.32, below 5 April’s low. On the upside, the near-term resistance level is seen at RM0.39, followed by RM0.405.

Entry : RM0.35–0.365

Target : RM0.39, RM0.405

Exit : RM0.32

Source: AmInvest Research - 8 Apr 2022