Sunsuria is poised for a technical rebound after bouncing off the immediate support and testing the immediate resistance level of MYR0.51 during the latest session. If a breakout above that level happens, the stock may trend upwards further towards RM0.58, followed by the next resistance point of RM0.62, which is also the 4-month high. On the other hand, falling below the MYR0.475 support would turn its direction into a downtrend.

Source: RHB Securities Research - 26 Jan 2024