Sunway surged past the RM1.69 resistance in its latest session, challenging its 1-year high. With an RSI above 70%, the shortterm bullish momentum could reach the next target price of RM1.81, followed by RM1.87. If it dips below RM1.69, it will again move sideways and consolidate. In this case, the support price is anticipated at RM1.63 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.69

Target: RM1.81, RM1.87 (time frame: 3-6 weeks)

Exit: RM1.63

Source: AmInvest Research - 26 Sept 2019