RHB Investment Research Reports

Trading Stocks - SDS Group

Publish date: Wed, 11 May 2022, 09:10 AM
0 2,136
An official blog in I3investor to publish research reports provided by RHB Research team.

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

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

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

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

Post a Comment