Sime Darby may rebound further after it tested MYR2.12 support in its recent session. Yesterday’s white candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR2.20 level, with an exit set below the MYR2.12 threshold. Towards the upside, the near-term resistance is at MYR2.34. This is followed by the MYR2.42 level.

Source: RHB Securities Research - 27 Mar 2019