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.