Rakuten Trade Research Reports

Technical View - SD Guthrie Bhd

rakutentrade
Publish date: Wed, 23 Oct 2024, 09:37 AM
rakutentrade
0 2,220
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

SD Guthrie Bhd (SDG, 5285)

  • SDG posted a strong candlestick following a bullish hammer and breakout from a 1-month flagpattern, signalling a resurgence of buying interest in the near term. Currently the stock is trading above both the EMAs, indicating the underlying positive momentum. Although it briefly dipped below the 50-day EMA, it regained strength at the close of the trading session.
  • We expect further upside for the stock and test the next resistance at RM4.88 (R1) followed byRM5.00 (R2) in the near term.
  • On the downside, stop-loss is set at RM4.56.

Source: Rakuten Research - 23 Oct 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment