Sunday 22 Dec 2024
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KUALA LUMPUR (May 30): RHB Retail Research said SSF Home Group Bhd (KL:SSF) is set to climb upwards after bouncing off the recent breakout level of 29.5 sen on Wednesday, with strong trading volume.

In a trading stocks on Thursday, the research house said coupled with a “White Marubozu” bullish candlestick formation on Wednesday, the bullish momentum may propel the stock higher towards the 33.5 sen resistance (its all-time high), before surging into unchartered territory at 40 sen.

“However, falling below the 27 sen support will reverse the momentum, as the counter would trade below the simple moving average line and form a 'lower low' bearish structure,” RHB said.

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