RHB Investment Research Reports
Trading Stocks - Sime Darby
rhbinvest
Publish date: Mon, 11 Apr 2022, 08:49 AM
rhbinvest
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Sime Darby is ready to resume its uptrend movement after it bounced off the support and crossed above the sideways consolidation phase of MYR2.42 in last Friday’s session – coupled with strong volume. If the bullish momentum persists, the stock may propel further towards the resistance of MYR2.54, then MYR2.75. If it falls below the support level of MYR2.35, the stock will likely move downwards, negating the previous breakout level.
Source: RHB Securities Research - 11 Apr 2022
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