RHB Retail Research
Trading Stocks - Sunway Construction Group
Sunway Construction Group may rebound further after it tested the MYR1.60 support in recent sessions. As the stock recently recovered above the 21-day SMA line, this indicates a positive sign. An upbeat bias may emerge above the MYR1.70 level, with an exit set below the MYR1.60 mark. Towards the upside, the immediate resistance is at the MYR1.86 level, followed by the MYR1.95 threshold.
Source: RHB Securities Research - 16 Apr 2020
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