SDS Group may end four-week pullback, says RHB Retail Research

KUALA LUMPUR (June 4): RHB Retail Research said SDS Group Bhd may end its four-week pullback as it broke above its immediate resistance yesterday.

In a trading stocks note today, the researcjh house said that 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 42.5 sen immediate support level.

“The next resistance is eyed at 45 sen, followed by 46.5 sen.

“If it falls below the 39 sen support, the stock may move downwards,” it said.