Technical Stockpick - Shangri-La Hotels (Malaysia) Bhd
Wed, 12-Nov-2025 07:36 am
by Research Team • Apex Research

SHANG (5517)
Last Price (RM)
1.75
Resistance (RM)
R1 — 1.85 / R2 — 1.92
Support (RM)
S1 — 1.72

Technical Commentary:

The counter has been trading within a narrow consolidation range since late September. A recent pickup in volume, coupled with strengthening signals from the MACD and RSI, has propelled the price above its immediate resistance at RM1.72. A decisive breakout beyond RM1.78 would confirm an uptrend formation and solidify the near-term bullish setup, potentially paving the way toward RM1.85 and RM1.92. The key support level is identified at RM1.72.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.111095 4.143895
EUR 4.789157 4.798654
CNY 0.581054 0.581649
HKD 0.528955 0.533187
SGD 3.160793 3.186131