SDS Group’s buying momentum is back after it broke out of the 3-week bullish flag pattern with a long white candle yesterday. With the stock cracking above the RM0.60 psychological mark and pushing near its 52-week high, a positive outlook can be expected here. A bullish bias may emerge above the RM0.60 level, with a stop-loss set at RM0.55, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.65, followed by RM0.70.

Entry : RM0.60–0.615

Target : RM0.65, RM0.70

Exit : RM0.55

Source: AmInvest Research - 28 Sept 2022