RHB Retail Research
Trading Stocks - Sime Darby
Sime Darby was testing the MYR2.50 level recently. A bullish bias may be present above this point with a target price of MYR2.67, followed by MYR2.80. The stock may take a breather if it cannot breach above the MYR2.50 threshold decisively in the coming sessions. Support may be found at MYR2.20, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 28 Dec 2018
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