RHB Retail Research
Trading Stocks - Sime Darby
Sime Darby is developing a minor consolidation phase below the multi-month downtrend line following its prior rebound on completion of a bottom building process. An upside breach of MYR2.33 could see the stock swing towards MYR2.45 and MYR2.60. A downside breach of MYR2.24 would cancel this bias.
Source: RHB Securities Research - 8 Mar 2021
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