Sime Darby Property may climb higher after it breached above the MYR1.00 threshold. This can be viewed as a continuation of the bulls extending the rebound from 13 Dec’s “Hammer” pattern. A bullish bias may emerge above the MYR1.02 level, with an exit set below the MYR0.905 threshold. Towards the upside, the immediate resistance is at MYR1.10. This is followed by the MYR1.21 level.

Source: RHB Securities Research - 31 Dec 2018