Sunway may rebound further after it tested the MYR1.25 support recently. As the stock has formed a second consecutive white candle, this indicates a positive sign. An upbeat bias may emerge above the MYR1.37 level, with an exit set below the MYR1.25 mark. Towards the upside, the immediate resistance is at the MYR1.60 level, followed by the MYR1.76 threshold.
Source: RHB Securities Research - 24 Mar 2020
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SUNWAYCreated by rhboskres | Aug 26, 2024