Sunview Group Berhad (SUNVIEW, 0262)
• Share price closed 6.20% higher at RM0.60 on Thursday.
• SUNVIEW has been on the uptrend since listing. It has formed a higher low at RM0.515 and trading above its MA 20 line. Coupled with bullish indicators showing uptick momentum, share price is expected to move higher.
• Resistance level is identified at RM0.655 (R1).
• On the flipside, support levels are pegged at RM0.515 (S1) and RM0.48 (S2).
Source: Rakuten Research - 20 Jan 2023
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