RHB Retail Research
Trading Stocks - Sime Darby Plantation
Sime Darby Plantation is in the midst of staging a rebound, as it bounced off the support, while eyeing the MYR3.89 consolidation phase yesterday. If it manages to break through to the consolidation level, bullish momentum may emerge to propel it towards the MYR4.10 resistance, followed by MYR4.26. This expectation will be nullified if it falls below the support level of MYR3.70.
Source: RHB Securities Research - 10 Dec 2021
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