Sunway was testing the MYR1.72 level in recent sessions. A bullish bias may be present above this point with a target price of MYR1.80, followed by MYR1.90. The stock may turn sideways if it cannot breach above the MYR1.72 threshold decisively in the coming sessions. Support may be found at MYR1.64, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 30 May 2019
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SUNWAYCreated by rhboskres | Aug 26, 2024