We are optimistic on Southern Score Builders (KLSE: SSB8) price performance as evident with the strong breakout with volume beyond the RM0.500 level. Notably, we now deem RM0.500 level as critical support level (S1) as this is a pivotal resistance-turned-support indicator. Currently, SSB8 is standing strong beyond the MA10/EMA10 dual moving average level, showcasing a strong uptrend momentum going forward.
Based on the current observation, we think SSB8 will continue the upwards momentum towards RM0.620 (R1) level.