RHB Investment Research Reports
Trading Stocks - Sime Darby
rhbinvest
Publish date: Wed, 09 Oct 2024, 10:10 AM
rhbinvest
0 4,584
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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
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Kuala Lumpur
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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 is looking to resume upside movement, as the stock has climbed above the resistance level. We observed that the 21- day SMA line is pointing upwards, showing that the short-term trend is bullish. If the counter stays above the MYR2.50 breakout point, it may continue to move higher to test the MYR2.65 level, followed by the MYR2.85 resistance level. However, if it falls below the MYR2.35 support level, it will kick of the bearish phase.
Source: RHB Securities Research - 9 Oct 2024
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