Sunview Group broke out from its 2-month downward channel yesterday, implying that its previous uptrend may have resumed. With the stock posting a white candle and pushing near its all-time high, the upward momentum may be present now. A bullish bias may emerge above the RM0.84 level, with a stop-loss set at RM0.79, below the 20-day EMA. Towards the upside, the nearterm resistance level is seen at RM0.93, followed by RM1.00.

Entry : RM0.84–0.885

Target : RM0.93, RM1.00

Exit : RM0.79

Source: AmInvest Research - 18 Apr 2023