RHB Retail Research
Trading Stocks - Sunway REIT
Sunway REIT was testing the MYR1.90 level in recent sessions. A bullish bias may be present above this point, with a target price of MYR1.95, followed by MYR2.00. The stock may consolidate further if it cannot breach above the MYR1.90 threshold decisively in the coming sessions. Support may be found at MYR1.84, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 10 Mar 2020
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