RHB Retail Research
Technical Analysis - Sime Darby
Sime Darby may move higher after it tested MYR2.50 support in recent trades. Yesterday’s white candle sent the stock to its 3-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR2.63 level, with an exit set below the MYR2.50 threshold. Towards the upside, the near-term resistance is at MYR2.82. This is followed by the MYR2.93 level.
Source: RHB Securities Research - 7 Sept 2018
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