Sunway Construction Group is poised to propel north as it bounced off the 21-day average line, and headed towards the immediate resistance level of MYR1.58 yesterday, on surging trading volume. If a breakout happens above that level, the bullish bias above that level may see the stock climb further towards MYR1.64, followed by MYR1.69, which was the high of 1 Jun. However, the counter may reverse direction if it falls below the MYR1.49 support, as it trades below the average line while forming a “lower low” bearish structure.

Source: RHB Securities Research - 13 Sept 2022