Sunsuria poised for a technical rebound, says RHB Retail Research

• In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.

KUALA LUMPUR (Jan 26) : RHB Retail Research said Sunsuria Bhd is poised for a technical rebound after bouncing off the immediate support and testing the immediate resistance level of 51 sen during the latest session.

In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.

“On the other hand, falling below the 47.5 sen support would turn its direction into a downtrend,” it said.

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