Sunway was testing the MYR1.64 level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.68, followed by MYR1.72. The stock may take a breather if it cannot breach above the MYR1.64 threshold in the coming sessions. Support may be found at MYR1.55, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 14 Aug 2019
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