DS Sigma Holdings Bhd

• Share price closed 2.35% higher at RM0.435 on Monday.

• DSS broke out from the resistance threshold at RM0.435 with decent buying momentum. 5 continuous white candles are formed following the formation of a Doji sign on the previous Monday. Coupled with its 20-day EMA which is starting to turn upward and the stock pulled further away from all the EMAs further suggesting that its bullish momentum is picking up further.

• The momentum may drive the stock towards the resistance of RM0.455 (R1), followed by RM0.46 (R2).

• On the downside, stop-loss is set at RM0.37, below the 23 Oct’s low.

Source: Rakuten Research - 31 Oct 2023

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