AmInvest Research Reports

Stock on Radar - Sime Darby Property

Publish date: Mon, 15 Apr 2024, 11:11 AM
0 8,851
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to:

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Sime Darby Property’s buying interest is back after it broke out of the 3-week bullish flag pattern with a long white candle on Friday. The stock pushing near its 52-week high, supported by rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM0.92 level with stop-loss set at RM0.84, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.05, followed by RM1.10.

Entry : RM0.92–0.945

Target : RM1.05, RM1.10

Exit : RM0.84

Source: AmInvest Research - 15 Apr 2024

Related Stocks
Be the first to like this. Showing 0 of 0 comments

Post a Comment