Southern Score Builders Berhad (SSB8, 0045)

• SSB8 broke out of a bullish flag pattern last Friday, marked by a strong Marubozu candlestick anda rising RSI. We anticipate the stock to surpass its all-time high of RM0.72 in the near term, supported by the golden crossover of EMAs in early December, which has now turned upward, indicating a promising outlook.

• Thus, we expect the rising momentum to steer the stock higher and test the next resistance atRM0.72 (R1) followed by RM0.82 (R2) in the near term.

• On the downside, stop-loss is set at RM0.56.

Source: Rakuten Research - 6 Jan 2025

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