SDS Group may end its four-week pullback as it broke above its immediate resistance yesterday. Coupled with a “higher low” price pattern while inching above the 21-day SMA line, the bullish bias may sustain if it manages to stay above the MYR0.425 immediate support level. The next resistance is eyed at MYR0.45, followed by MYR0.465. If it falls below the MYR0.39 support, the stock may move downwards.
Source: RHB Securities Research - 4 Jun 2021
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Created by rhboskres | Aug 26, 2024