Sunview Group’s buying interest is back after it broke out of the 2-week bullish triangle pattern with another white candle on Thursday. As the stock has closed above its 20-day EMA and coupled with the bullish engulfing pattern formed on 4 Nov, there is likely still room to the upside from here. A bullish bias may emerge above the RM0.42 level, with a stop-loss set at RM0.38, below 10 Nov’s low. Towards the upside, the near-term resistance level is seen at RM0.47, followed by RM0.50.

Entry : RM0.42–0.43

Target : RM0.47, RM0.50

Exit : RM0.38

Source: AmInvest Research - 21 Nov 2022