SDS Group likely in process of extending rebound, says RHB Retail Research

TheEdge Mon, Nov 30, 2020 07:55am - 5 months ago


KUALA LUMPUR (Nov 30): RHB Retail Research said SDS Group Bhd is likely in the process of extending its rebound, after forming a “Double Bottom” formation in October at the low of 16 sen.

In a trading stocks note today, the research house said the stock is now trading above the 21-day SMA line, which is also curving upwards.

“A positive bias may appear above 18.5 sen, with resistance levels set at 21.5 sen and 23.5 sen.

“A downside breach of 18.5 sen would cancel this forecast,” it said.

 






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