SDS Group (SDS | 0212)
Last Price: RM1.27 | Technical Call: BUY
Support 1: RM1.24 | Resistance 1: RM1.40 |
Support 2: RM1.13 | Resistance 2: RM1.50 |
Shariah Compliant: Yes | Sector: Consumer |
SDS Group's buying interest is back after it broke out of the 1-month bullish rectangle pattern with a long positive candle yesterday. The stock also posted two positive candles in a row and hit a new all-time high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM1.24 level with stop-loss set at RM1.11, below the 27
Sep low. Towards the upside, near-term resistance level is seen at RM1.40, followed by RM1.50.
Entry: RM1.24-1.27
Target: RM1.40, RM1.50
Exit: RM1.11
Source: AmInvest Research - 2 Oct 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Nov 21, 2024