SDS Group is poised for a technical breakout as it bounced off the 21-day average line to close at the resistance point of MYR0.39 yesterday. If the momentum persists, a breakout would emerge above that level, where the stock is expected to propel towards the MYR0.405 resistance, followed by MYR0.435 or 16 Jun 2021’s high. If it falls below the support level of MYR0.35, selling pressure may emerge as it draws a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 11 May 2022