RHB Retail Research

Trading Stocks - Sunway

rhboskres
Publish date: Tue, 17 Dec 2019, 10:00 AM
rhboskres
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RHB Retail Research

Sunway may trend higher after it formed another white candle and breached above the MYR1.80 mark. In view that the 21- day SMA line is likely to begin turning upward, this is an indication of a positive sign. A positive bias may emerge above the MYR1.80 level, with an exit set below the MYR1.74 threshold. Towards the upside, the immediate resistance is at the MYR1.90 mark. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 17 Dec 2019

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