Since my first post on SDG published on 18 October 2024, share price has increased by 5.3% to RM4.93.

The FBMKLCI declined by 1.8% during the same period.

​https://kingkkk.substack.com/p/sd-guthrie-steady-climb-or-false​

What’s the latest technical outlook on SDG?

Technical Outlook: Bullish

The chart for SD Guthrie Berhad shows a moderately bullish technical setup. The stock is trading above the 50-day (blue line) and 200-day (orange line) moving averages, a classic sign of positive momentum. However, recent price action shows a pullback from the RM5.01 high, indicating resistance at this level. The moving averages are trending upward and converging, signaling a potential continuation of the uptrend. Volume spikes at key rallies indicate strong interest, but the current pullback is accompanied by relatively high volume, suggesting profit-taking or hesitation.

The RSI or other oscillators aren't visible, limiting insight into overbought/oversold conditions. The green-highlighted areas suggest periods of strength, possibly tied to external catalysts. It’s promising but requires confirmation of support at the RM4.90–4.92 range.

Company Background:

SDG is a leading global agribusiness specializing in sustainable palm oil production. Operating across various countries, it focuses on high-quality oil palm cultivation and processing. The company is committed to sustainable practices, emphasizing environmental stewardship and social responsibility. With innovative technology and a strong supply chain, SDG aims to enhance productivity and reduce environmental impact.

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My portfolio outperformed the FBMKLCI in 2024. I am ranked 17th out of 76 investors on i3, with a 25.4% return (FBMKLCI: 12.9%).

https://klse.i3investor.com/web/blog/detail/stock_pick_2024/2024-12-31-story-h496982491-Stock_Pick_Year_2024_31_Dec_Result