Possible for sideways breakout. SUNSURIA is potentially staging a breakoutfrom its sideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.550 be genuinely broken with renewed buying interest, it may continue tolift price higher to subsequent resistance level of RM0.605.
However, failure to hold on to support level of RM0.460 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 3 Jan 2024
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