Sunway Real Estate Investment Trust has been consolidating sideways during the last few sessions, with an immediate resistance price of RM1.88. With an RSI above 50%, it may break the resistance level. If this happens, the short-term target prices will be RM1.95 and RM2.03. In this case, support is anticipated at RM1.80, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.88
Target: RM1.95, RM2.03 (time frame: 3-6 weeks)
Exit: RM1.80

Source: AmInvest Research - 12 Nov 2019