UEM Sunrise is currently experiencing a sideways consolidation, with an upside potential in the coming sessions as it attempted to rebound towards the MYR1.07 immediate resistance recently. A breakout above this level could signal increased buying pressure, potentially lifting the stock towards the recent high at MYR1.16, followed by the next resistance at MYR1.26. Conversely, a decline below the MYR0.95 support would negate the bullish setup.

Source: RHB Securities Research - 14 Feb 2024