AmInvest Research Reports
Stock on Radar - Sunway
AmInvest
Publish date: Mon, 15 Jan 2024, 08:52 AM
AmInvest
0 8,778
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
We expect further upside for Sunway after posting another white candle and closing near its multi-year high on Friday. As the stock also broke out of a bullish flag pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM2.25 level, with stop-loss set at RM2.08, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM2.50, followed by RM2.70
Entry : RM2.25–2.35
Target : RM2.50, RM2.70
Exit : RM2.08
Source: AmInvest Research - 15 Jan 2024
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