Technical Radar - Southern Steel
Thu, 17-Sep-2026 07:21 am
by Research Team • Apex Research

SSTEEL (5665)
Last Price (RM)
0.575
Resistance (RM)
R1 — 0.635 / R2 — 0.650
Support (RM)
S1 — 0.545

Technical Commentary:

SSTEEL has broken out from a brief consolidation box near RM0.560. The stock remains sharply above its key moving averages, while the MACD is firmly positive and the RSI at 77.2 reflects strong bullish momentum, though deeply overbought following the parabolic surge off its multi-year base.

 

We expect further upside towards RM0.635 and RM0.650, while the stop-loss is set at RM0.545.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.071829 4.100395
EUR 4.715419 4.720186
CNY 0.608798 0.609416
HKD 0.519063 0.522709
SGD 3.197837 3.220412