RHB Investment Research Reports

Trading Stocks - SDS Group

Publish date: Wed, 05 Oct 2022, 09:13 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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SDS Group is set to propel towards the historical high as it bounced off the 21-day average line, surpassing the MYR0.575 immediate resistance. Coupled with improved trading volume and forming a “higher low” bullish structure, the buying interest above that level may persist to propel the stock towards the MYR0.64 – the recent and historical high – before possibly printing a new high level at the MYR0.70 mark. However, the counter may reverse direction if it falls below the MYR0.54 support, moving downwards below the average line.

Source: RHB Securities Research - 5 Oct 2022

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