Sunway Construction Group may climb higher after posting a white candle and leaving an upside gap. This can be viewed as a continuation of the bulls extending the rebound from 6 Aug’s “Hammer” pattern. A bullish bias may appear above the MYR2.09 level, with an exit set below the MYR1.98 threshold. Towards the upside, the near-term resistance is at MYR2.20. This is followed by the MYR2.30 level.
Source: RHB Securities Research - 8 Aug 2019
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