Feb 29, 2016

SP Setia May Rebound Further

SPSETIA Stock Code : 8664

spsetia chart analysis

SP Setia may experience a further technical  rebound  after  crossing above the MYR2.95 level in its latest session. Traders may buy if the stock  holds  above  this  price,  with  a  target  level  of  MYR3.24.  The stock may drift lower if it dips back below the MYR2.95 mark. In this case, further support is anticipated at MYR2.80, where traders can exit upon a breach.

Source: RHB Research - 29/02/2016

The Company is engaged in the business of building contractor. The core activities of its subsidiaries are that of property management wood-based manufacturing and leasing of properties.