S P Setia may climb higher after recording a higher close visa-vis the previous session. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR2.22 level, with an exit set below the MYR2.03 level. Towards the upside, the immediate resistance is at MYR2.58. This is followed by the MYR2.80 level.

Source: RHB Securities Research - 17 Dec 2018