RHB Retail Research

Trading Stocks - Sunway

rhboskres
Publish date: Tue, 07 Jan 2020, 11:38 AM
rhboskres
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RHB Retail Research

Sunway may rise higher after posting a white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.83 level, with an exit set below the MYR1.79 threshold. Towards the upside, the immediate resistance is at MYR1.90. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 7 Jan 2020

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