RHB Retail Research
Trading Stocks - SP Setia
SP Setia is experiencing an uptrend reversal after it moved past the immediate resistance of MYR1.30 on stronger volume – printing a “higher high” bullish structure. The bulls are expected to drive the stock towards the MYR1.40 resistance, followed by the next resistance level of MYR1.50. In the event it drops below the MYR1.22 support, the bullish momentum may lose steam and cause the stock to head south.
Source: RHB Securities Research - 21 Feb 2022
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