Sunway Construction Group may trend higher after posting a white candle and hitting its new 52-week high. As the 21-day SMA line has crossed above the 55-day SMA line lately, this is an indication of a positive sign. A bullish bias may appear above the MYR2.08 level, with an exit set below the MYR1.95 threshold. Towards the upside, the near-term resistance is at MYR2.26. This is followed by the MYR2.40 level.
Source: RHB Securities Research - 2 Jul 2019
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