Shin Yang Group Bhd
Wed, 30-Oct-2024 06:53 am
by Kenneth Leong • Apex Research

SYGROUP (5173)
Last Price (RM)
0.920
Resistance (RM)
R1 — 0.965 / R2 — 1.020
Support (RM)
S1 — 0.885

Technical Commentary: 

Price has bounced off EMA120 after the recent correction. Since then, price has been gradually marching higher and the uptrend formation was re-established in recent weeks. For now, traders may monitor for a potential breakout above RM0.92 to target the next resistances located at RM0.965-1.02. Downside wise, support is pegged at RM0.885.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.389719 4.419319
EUR 4.730753 4.734314
CNY 0.613618 0.614097
HKD 0.564733 0.568558
SGD 3.307640 3.330253