• Target Price: RM0.590, RM0.615

• Last closing price: RM0.555

• Potential return: 6.3%, 10.8%

• Support: RM0.550

• Stop Loss: RM0.525

Possible for uptrend continuation. Staying relatively unfazed by recent market weakness,SDCG is potentially extending its uptrend, with anticipation of continued improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.575 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.590 and RM0.615. However, failure to hold on to support level of RM0.550 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 31 Jan 2025