Sunway Construction is eyeing to extend its upside movement after crossing above the 21-day SMA line. Breaking past the MYR1.68 resistance will indicate that the bullish momentum is strong as it would be reclaiming the 2-week high. In this scenario, expect the follow-through momentum to propel the stock towards MYR1.73, followed by the MYR1.79 resistance. On the flip side, falling below the MYR1.60 support would negate the bullish setup.

Source: RHB Securities Research - 27 Mar 2023