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SDS GROUP BERHADSDS GROUP BERHADSDS GROUP BERHAD

SDS GROUP BERHAD

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SDS trade ideas

SDS GROUP BERHAD The stock is in a strong uptrend since mid-August 2024, as indicated by the series of higher highs and higher lows. A noticeable increase in volume has occurred recently, supporting the upward price movement. High volume in the last few sessions suggests strong buying interest, further validating the breakout above the previous resistance around MYR1.15. Support: The previous resistance of MYR1.15 now acts as support. If price retraces, this level may provide some buying interest. Resistance: The current price level of MYR1.23-MYR1.25 may act as near-term resistance, especially since the price has reached the upper Bollinger Band. The recent candlesticks are relatively bullish, showing strong upward momentum. Bullish momentum is strong, supported by increasing volume and the price trading above the moving average. Caution may be warranted due to the price touching the upper Bollinger Band, which could lead to a short-term pullback or consolidation. The MYR1.15 level is key support, while the MYR1.23-MYR1.25 zone could act as near-term resistance.
MYX:SDSLong
by Sahrin
SDS GROUP BERHAD - [SDS]Trend Analysis : Short-Term Trend: The stock has been in an uptrend since early August, with a notable increase in both price and volume, indicating strong bullish momentum. The recent candles show higher highs and higher lows, typical of an uptrend. Medium-Term Trend: The medium-term trend has been sideways from May to July, with prices consolidating between MYR0.85 and MYR1.05. The recent breakout above MYR1.05 signals a potential continuation of the uptrend. Bollinger Bands : The Bollinger Bands are expanding, which often indicates increased volatility. The price recently touched the upper band, which is generally seen as a sign of overbought conditions in the short term. However, the strong bullish candles suggest that the uptrend might continue, especially if the price stays above the middle band (20-day moving average). Volume Analysis : The volume spikes seen during the recent uptrend confirm the strength of the breakout. Increased volume on up days is a positive sign and suggests that the recent price move is supported by strong buying interest. Support and Resistance Levels : Immediate Support: Around MYR1.05, which was the previous resistance level before the breakout. If the price pulls back, this level could act as a support. Immediate Resistance: Around MYR1.20, which is where the stock is currently trading. If the price continues to rise, this level could be tested as the next resistance. Candlestick Patterns : The recent candlestick pattern is a strong bullish candle, which suggests that buyers are in control. However, watching for any reversal patterns at the resistance level is essential. Overall Sentiment : The overall sentiment for SDS appears to be bullish in the short term, with strong price action, volume, and moving averages supporting the uptrend. However, traders should monitor the price action closely near resistance levels and be cautious of any signs of reversal or consolidation.
MYX:SDSLong
by Sahrin
Bullish BiasThe share price rebounded upon touching resistance turns support at 0.35, followed by a bullish pennant pattern. We notice a breakout above the pennant today, suggesting further movement to the upside. The nearest Fibonacci resistance is seen at 0.465, followed by 0.58 and 0.655. Price movement below 0.34 would negate this expectation. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
MYX:SDSLong
by ellynacci
1
4 Malaysia Stocks To Watch During Sector Rotation Traders often have no idea what to do during market correction or sector rotation because their stocks are in a losing position. Also, they struggle to find stocks that are bucking the trend. In this video, you will find out these 4 Malaysia stocks -  MYX:CCK , MYX:DAYANG , MYX:OSK and MYX:SDS that outperform the market during the sector rotation and how to take advantage from these stocks by trading the pullback or trading the breakout.
MYX:SDSLong
by mingjong
SDS Breakout 52 New High With VolumeDAILY 25/3/2021 : Breakout : 52 Weeks New High Market Stage : Uptrend EMA : Price > Ema20 > Ema50 > Ema200 Breakout Volume : 7x times Trading Breakout Value : Rm23 juta Weekly 22/2/2021 : Breakout : 52 Weeks New High Market Stage : Uptrend EMA : Price > Ema20 > Ema50 > Ema200 Breakout Volume : 3.7x times Trading Breakout Value : Rm39 juta SDS has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.31 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
MYX:SDSLong
by RiAz