Sunway REIT set to propel northwards, says RHB Retail Research
KUALA LUMPUR (April 29): RHB Retail Research said Sunway Real Estate Investment Trust is set to propel northwards, after experiencing a technical breakout above RM1.42 yesterday – coupled with strong volume.
In a trading stocks note today, the research house said the “higher high” bullish pattern that emerged yesterday may cause the stock to jump further towards hitting RM1.50, followed by the RM1.56 resistance.
“However, the positive momentum may dissipate if it falls below the RM1.38 support as it could form a “lower low” bearish pattern,” it said.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
Telegram
Latest publications
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
Malaysia's Most
Loved Property App
The only property app you need. More than 200,000 sale/rent listings and daily property news.
