Sunview Group broke out from its 2-month bullish falling wedge pattern yesterday, implying that its previous uptrend may have resumed. The stock also posted two white candles in a row and recovered above its 20-day EMA, likely suggesting that bullish momentum is picking up further. A bullish bias may emerge above the RM0.78 level, with a stop-loss set at RM0.72, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.90, followed by RM0.93.

Entry : RM0.78–0.82

Target : RM0.90, RM0.93

Exit : RM0.72

Source: AmInvest Research - 30 Mar 2023