Sime Darby Property Bhd
edged above the 100-day simple moving average (SMA) as it attempted to rise above a consolidation channel.
The share underwent a correction in the closing days of February, and has been travelling in range-bound motion over the recent days.
However, the slow-stochastic has lifted off the oversold line to suggest a return of bullish momentum. Similarly, the 14-day relative strength index (RSI) has strengthened in a bid to end the consolidation phase.
Overhead, the share faces immediate resistance at RM1.45, with next resistance at RM1.56.
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