We think the buying interest for Sunview may have returned after it breached above the 4-month downtrend line a few candles back. In view of the uncovered upside gap formed on 23 Jun and rising EMAs, the upward momentum is likely to pick up further. A bullish bias may emerge above the RM0.86 level, with stop-loss set at RM0.82, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.

Entry : RM0.86–0.91

Target : RM1.00, RM1.10

Exit : RM0.82

Source: AmInvest Research - 3 Jul 2023