Rakuten Trade Research Reports
Technical View - Sunway Construction Group Bhd (SUNCON, 5263)
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Publish date: Mon, 01 Jul 2019, 04:19 PM
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Sunway Construction Group Bhd (5263)
- SUNCON closed 3sen lower to RM2.01 last Friday.
- Share price has been on an upward trend from a low on Dec 2018. Since then, share price has rebounded and broke out of its’ downtrend and has turned somewhat bullish coupled with their recent contract win of RM496m with YTD RM1.53bn.
- From here, resistance levels are expected at RM2.07 (R1) and further to RM2.41 (R2).
- Conversely, support levels are found at RM1.95 (S1) and RM1.87 (S2).
Source: Rakuten Research - 1 Jul 2019
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