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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 18 Jun 2021, 9:53 AM

 

Stocks on Radar - Sunway (5211)

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Sunway jumped and tested the RM1.55 resistance level. With its 21-day moving average indicator in an uptrend, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.60 and RM1.65. The downside support is projected at RM1.45. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.55

Target: RM1.60, RM1.65 (time frame: 2-4 weeks)

Exit: RM1.45

Source: AmInvest Research - 5 Mar 2021

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Labels: SUNWAY

Related Stocks

Chart Stock Name Last Change Volume 
SUNWAY 1.69 -0.08 (4.52%) 10,892,000 

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