Sime Darby Property may rebound higher after it continued holding above the MYR0.72 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.775 level, with an exit set below the MYR0.72 threshold. Towards the upside, the immediate resistance is at the MYR0.855 mark. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 12 Nov 2019
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SIMEPROPCreated by rhboskres | Aug 26, 2024