Sunway may rise higher after it formed a second consecutive white candle. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR1.55 level, with an exit set below the MYR1.48 threshold. Towards the upside, the near-term resistance is at MYR1.70. This is followed by the MYR1.75 level.

Source: RHB Securities Research - 28 Jan 2019