Sunway may rebound further after it continued holding above the MYR1.35 support. Yesterday’s close has sent the stock to its highest close in nearly a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.41 level, with an exit set below the MYR1.35 threshold. Towards the upside, the near-term resistance is at MYR1.50. This is followed by the MYR1.56 level.

Source: RHB Securities Research - 8 Nov 2018