We expect further upside for Sunview Group after it formed a long white candle and hit a new record high on Friday. With its 20- day EMA line starting to turn upwards, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM0.64 level, with a stop-loss set at RM0.58, below the 20 Jan low. Towards the upside, the near-term resistance level is seen at RM0.75, followed by RM0.80.

Entry : RM0.64–0.67

Target : RM0.75, RM0.80

Exit : RM0.58

Source: AmInvest Research - 25 Jan 2023