SDS Group
SDS Group, according to RHB Research’s technical research report (October 5) is set to propel towards the historical high as it bounced off the 21-day average line, surpassing the MYR0.575 immediate resistance. Coupled with improved trading volume and forming a “higher low” bullish structure, the buying interest above that level may persist to propel the stock towards the MYR0.64 – the recent and historical high – before possibly printing a new high level at the MYR0.70 mark. However, the counter may reverse direction if it falls below the MYR0.54 support, moving downwards below the average line.
Ecoscience International
This counter is staging for an uptrend continuation as it bounced off the 21-day average line and reclaimed the previous breakout level of MYR0.305 – forming a “higher low” bullish pattern. If the breakout sustains, the stock may climb towards the recent high of MYR0.335, or 27 Sep’s high, before propelling further towards the MYR0.40 mark. If it falls below the MYR0.285 support, the stock may see a reversal in momentum as it forms a “lower low” bearish pattern, below the average line.
