SDS Group is poised to resume its uptrend as it bounced off the 21-day average line while hitting the MYR0.37 immediate resistance yesterday. If it manages to move past that level, the uptrend is expected to persist towards the recent high of MYR0.39, followed by the next resistance of MYR0.405. Conversely, the stock may reverse direction if it falls below the MYR0.34 support, as it forms a “lower low” bearish structure below the 21-day average line.
Source: RHB Securities Research - 28 Apr 2022
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Created by rhbinvest | Apr 25, 2024