SDS Group broke out from a 1-week bullish flag pattern with another positive candle yesterday, implying that its previous uptrend may have resumed. The stock pushing near its all-time high, supported by rising EMAs, likely indicate that the upward momentum may be picking up. A bullish bias may emerge above the RM1.20 level with stop-loss set at RM1.10, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.30, followed by RM1.40.
Entry : RM1.20–1.22
Target : RM1.30, RM1.40
Exit : RM1.10
Source: AmInvest Research - 12 Sept 2024
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Created by AmInvest | Sep 10, 2024