RHB Investment Research Reports

Trading Stocks - Sime Darby Plantation

rhbinvest
Publish date: Fri, 05 May 2023, 10:51 AM
rhbinvest
0 3,606
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
Malaysia

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

Sime Darby Plantation is eyeing a breakout, as it climbed and tested the immediate resistance of MYR4.40 yesterday, solidifying its uptrend structure above the 21-day SMA line. If a breakout happens, the stock may rebound further towards the next resistance of MYR4.60, then the MYR5 threshold. However, falling below the MYR4.25 support would void the expectation of a rebound – and the stock price may trend downwards.

Source: RHB Securities Research - 5 May 2023

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

Post a Comment