RHB Retail Research
Trading Stocks - Sime Darby
Sime Darby was testing the MYR1.77 level in its latest session. If a breakout emerges, a bullish bias may be present above this point, with a target price of MYR1.85, followed by MYR2.05. The stock may take a breather if it cannot breach above the MYR1.77 mark in the near term. Support may be found at MYR1.56, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 20 Mar 2020
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