RHB Investment Research Reports
Trading Stocks - Sunway REIT
rhbinvest
Publish date: Wed, 28 Aug 2024, 10:51 AM
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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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 REIT is attempting to continue the bullish movement, knocking on the door of the immediate resistance. The counter has been consolidating sideways below the MYR1.69 resistance. In the event the bullish breakout happens, it may extend the upside movement towards MYR1.75, followed by the MYR1.82 level. On the other hand, falling below the MYR1.62 support opens the door for a correction phase.
Source: RHB Securities Research - 28 Aug 2024
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