Sime Darby Plantation may rebound higher after it continued holding above the MYR4.84 support. Given that it has formed a white candle for the second consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR5.00 level, with an exit set below the MYR4.84 threshold. Towards the upside, the immediate resistance is at the MYR5.26 mark. This is followed by the MYR5.45 level.
Source: RHB Securities Research - 3 Feb 2020
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