RHB Retail Research
Trading Stocks - SDS Group
SDS Group is likely in the process of extending its rebound, after forming a “Double Bottom” formation in October at the low of MYR0.16. It is now trading above the 21-day SMA line, which is also curving upwards. A positive bias may appear above MYR0.185, with resistance levels set at MYR0.215 and MYR0.235. A downside breach of MYR0.185 would cancel this forecast.
Source: RHB Securities Research - 30 Nov 2020
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