Sunday 05 May 2024
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KUALA LUMPUR (July 19): RHB Retail Research said Sunway Bhd is attempting to break away from its consolidation zone.

In a trading stocks note today, the research house said that trading volume has increased recently – adding that this shows buying interest is gaining traction.

“If it manages to surpass the RM1.77 immediate resistance, the bullish momentum will propel it towards the next resistance at RM1.90, followed by RM2.00.

“If the stock falls below the RM1.69 support, this expectation would be nullified,” it said.

 

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