RHB Retail Research
Trading Stocks - Sime Darby
Sime Darby continued to hold above the MYR2.18 support level over the past two months, with a sideways consolidation pattern observed. A bullish bias may emerge above this level, with the resistance set at MYR2.35, followed by MYR2.49. For risk management purposes, a stop-loss can be placed at MYR2.18.
Source: RHB Securities Research - 8 Feb 2019
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