RHB Investment Research Reports

Trading Stocks - Sunway Construction

rhbinvest
Publish date: Mon, 27 Mar 2023, 08:48 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Sunway Construction is eyeing to extend its upside movement after crossing above the 21-day SMA line. Breaking past the MYR1.68 resistance will indicate that the bullish momentum is strong as it would be reclaiming the 2-week high. In this scenario, expect the follow-through momentum to propel the stock towards MYR1.73, followed by the MYR1.79 resistance. On the flip side, falling below the MYR1.60 support would negate the bullish setup.

Source: RHB Securities Research - 27 Mar 2023

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