SDS Group broke out from its 1-month bullish triangle pattern yesterday, implying that its previous uptrend may have resumed. As the stock also posted a long white candle and together with its rising EMAs, the bullish momentum is likely to pick up further. A bullish bias may emerge above the RM0.37 level, with a stop-loss set at RM0.34, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.42, followed by RM0.44.

Entry : RM0.37–0.39

Target : RM0.42, RM0.44

Exit : RM0.34

Source: AmInvest Research - 11 May 2022