AmInvest Research Reports
Stocks on Radar - Sunway (5211)
AmInvest
Publish date: Tue, 07 Jan 2020, 08:59 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Sunway surged past the RM1.84 resistance in its latest session. With an RSI above 60%, the short-term bullish momentum could reach the next target price of RM1.93, followed by RM2.00. If it dips below RM1.84, it will again move sideways and consolidate. In this case, the support price is anticipated at RM1.79 whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM1.84
Target: RM1.93, RM2.00 (time frame: 3-6 weeks) Exit: RM1.79
Source: AmInvest Research - 7 Jan 2020
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