RHB Investment Research Reports

Trading Stocks - Sunway

rhbinvest
Publish date: Tue, 02 Jan 2024, 12:33 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Sunway is poised to propel northwards after rebounding from the 21-day SMA line during the final trading session of 2023 last Friday – eyeing to retest the MYR2.07 immediate resistance level. If a breakout occurs, the stock will likely advance towards a new high level at MYR2.20, followed by MYR2.30. Conversely, a drop below the MYR2 support would invalidate the bullish setup, falling below the 21-day SMA line.

Source: RHB Securities Research - 2 Jan 2024

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