AmInvest Research Reports

Stock on Radar - Sunway

AmInvest
Publish date: Mon, 15 Jan 2024, 10:41 AM
AmInvest
0 9,463
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

We expect further upside for Sunway after posting another white candle and closing near its multi-year high on Friday. As the stock also broke out of a bullish flag pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM2.25 level, with stop-loss set at RM2.08, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM2.50, followed by RM2.70.

Entry : RM2.25–2.35

Target : RM2.50, RM2.70

Exit : RM2.08

Source: AmInvest Research - 15 Jan 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment