HealthBusiness

Technical Review: Sunzen Biotech Berhad (0148)

Wixson
Publish date: Tue, 20 Aug 2024, 08:43 AM

Support Level: RM0.305

Resistance: RM0.335, RM0.350

Selling pressure on SUNZEN had tested the RM0.305 region, which had since rebounded strongly to the current RM0.330 level. We see a potential upward movement to challenge the RM0.335 and RM0.350 levels ahead, indicating a strong buying interest piqued by successful support level tests. Remain BUY for SUNZEN ahead.