AmInvest Research Reports

Stock on Radar - SD GUTHRIE (SDG)

AmInvest
Publish date: Mon, 30 Sep 2024, 10:45 AM
AmInvest
0 9,382
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: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

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

SD GUTHRIE (SDG | 5285)

Last Price: RM4.81 | Technical Call: BUY

Technical chart: SDG

Support 1: RM4.70Resistance 1: RM5.20
Support 2: RM4.50Resistance 2: RM5.40
Shariah Compliant: YesSector: Plantation

SD Guthrie may rise higher after it formed a long positive candle and hit a new 52-week high a few sessions ago. The stock's move above the RM4.70 resistance coupled with its rising EMAs, indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM4.70 level with stop-loss set at RM4.48, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM5.20, followed by RM5.40.

Entry: RM4.70-4.81

Target: RM5.20, RM5.40

Exit: RM4.48

 

Source: AmInvest Research - 30 Sep 2024

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

Post a Comment