AmInvest Research Reports

Stock on Radar - SDS Group

Publish date: Thu, 09 Feb 2023, 09:30 AM
0 7,244
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We expect further upside for SDS Group given that it formed a white candle and took out the 2-month downtrend line yesterday. With the bullish hammer pattern coming off the rising 50-day EMA, the stock still looks positive in the short and medium term. A bullish bias may emerge above the RM0.77 level, with a stop-loss set at RM0.72, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.85, followed by RM0.90.

Entry : RM0.77–0.795

Target : RM0.85, RM0.90

Exit : RM0.72

Source: AmInvest Research - 9 Feb 2023

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