RHB Retail Research
Trading Stocks - SDS Group
SDS Group is moving towards unchartered territory after breaking above the sideways consolidation phase on high volumes. A bullish bias has appeared above the resistanceturned-support level of MYR0.445. Underpinned on strong buying interest, the momentum may accelerate further towards the next resistance level at MYR0.50, followed by MYR0.55. Meanwhile, falling below the MYR0.42 support threshold will negate this expectation.
Source: RHB Securities Research - 30 Apr 2021
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