Sunway Construction is attempting to extend the technical rebound, testing the immediate resistance with a white candlestick. The stock has printed three consecutive white candlesticks, which shows the bullish momentum is picking up pace. If it closes above the MYR3.80 resistance, the bullish setup will be confirmed. In this case, the counter may climb towards MYR4.15,followed by the MYR4.45 mark. Conversely, breaching below the MYR3.30 support will resume the correction phase.

Source: RHB Securities Research - 5 Feb 2025