AmInvest Research Reports
Stock on Radar - Sunway Construction Group (SUNCON)
AmInvest
Publish date: Mon, 23 Dec 2024, 10:17 AM
AmInvest
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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)
Sunway Construction Group (SUNCON | 5263)
Last Price: RM4.72 | Technical Call: BUY
| Support 1: RM4.60 | Resistance 1: RM5.10 |
| Support 2: RM4.25 | Resistance 2: RM5.30 |
| Shariah Compliant: Yes | Sector: Construction |
Sunway Construction Group may trend higher after it formed a long positive candle and closed above the RM4.60 resistance on Friday. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM4.60 level with stop-loss set at RM4.23, below the 2 Dec low. Towards the upside, near-term resistance level is seen at RM5.10, followed by RM5.30.
Entry: RM4.60-4.72
Target: RM5.10, RM5.30
Exit: RM4.23
Source: AmInvest Research - 23 Dec 2024
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