Sunway has been consolidating sideways during the last few sessions, with an immediate resistance price of RM1.83. With an RSI above 60%, it may break the resistance level and move towards the short-term target prices RM1.92 and RM2.00. The support price is anticipated at RM1.75, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.83

Target: RM1.92, RM2.00 (time frame: 3-6 weeks) Exit: RM1.75

Source: AmInvest Research - 17 Dec 2019