RHB Investment Research Reports
Trading Stocks - Sunway
rhbinvest
Publish date: Tue, 02 Jan 2024, 12:33 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Sunway is poised to propel northwards after rebounding from the 21-day SMA line during the final trading session of 2023 last Friday – eyeing to retest the MYR2.07 immediate resistance level. If a breakout occurs, the stock will likely advance towards a new high level at MYR2.20, followed by MYR2.30. Conversely, a drop below the MYR2 support would invalidate the bullish setup, falling below the 21-day SMA line.
Source: RHB Securities Research - 2 Jan 2024
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