SP SETIA - SIDEWAYS with UPSIDE BIAS ?

SP SETIA - Current Price : RM1.40

The stock is currently trading in sideways range. However, i considered it have a potential to UPSIDE movement as the price made a rebound yesterday after touching the 50-day EMA and price is also trading above ICHIMOKU CLOUD.

Supported by technical indicator in RSI above 50 (bullish) and stochastic oscillator at oversold zone, a rebound to higher price is expected.

Target Price : RM1.48 and RM1.54
Support : RM1.32 (17 OCTOBER 2024 lows)

Notes : SP SETIA is a property company and shariah compliant.