RHB Retail Research
Trading Stocks - Sime Darby Plantation
Sime Darby Plantation may rise higher after it recently breached above the MYR5 threshold. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A positive bias may emerge above the MYR5.05 level, with an exit set below the MYR4.91 threshold. Towards the upside, the immediate resistance is at the MYR5.40 mark. This is followed by the MYR5.60 level.
Source: RHB Securities Research - 13 Nov 2019
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