Sunway broke past the resistance price of RM1.81 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the target price of RM1.90 followed by RM1.98. If it dips below RM1.81, expect a sideway consolidation. Support is then anticipated at RM1.73, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.81
Target: RM1.90, RM1.98 (time frame: 3-6 weeks)
Exit: RM1.73

Source: AmInvest Research - 13 Nov 2019