SDS Group’s buying momentum is back after it broke out of the 3-week bullish flag pattern yesterday. As the stock also posted 2 white candles in a row and hit the new 52-week high, it may see additional strength in the near term. A bullish bias may emerge above the RM0.82 level, with stop-loss set at RM0.75, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM0.94

Entry : RM0.82–0.845

Target : RM0.90, RM0.94

Exit : RM0.75

Source: AmInvest Research - 6 Mar 2024