RHB Retail Research

Trading Stocks - Sunway Construction Group

rhboskres
Publish date: Mon, 02 Mar 2020, 09:49 AM
rhboskres
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RHB Retail Research

Sunway Construction Group was testing the MYR1.90 level in recent sessions. A bullish bias may be present above this point, with a target price of MYR2.00, followed by MYR2.10. The stock may consolidate further if it cannot breach above the MYR1.90 mark decisively in the near term. Support may be found at MYR1.80, where traders can exit upon a breach to minimise the downside risk.

Source: RHB Securities Research - 2 Mar 2020

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