RHB Retail Research
Technical Analysis - Sunway Construction Group
Sunway Construction Group
Sunway Construction Group may rebound further after it tested the MYR1.69 support recently. Given that the stock has formed a “Hammer” pattern on 12 Sep, this indicates a potential rebound. A bullish bias may emerge above the MYR1.69 level, with an exit set below the MYR1.69 threshold. To the upside, the immediate resistance is at MYR1.87. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 14 Sept 2018
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