• 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.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

SHARE
RELATED POSTS
  1. DONE DEAL: Serviced Residence, Jalan Ampang, Kuala Lumpur
  2. MB: Multi-tiered Automated Rapid Transit system planned to overcome Johor Bahru congestion
  3. ParkCity unveils The Mansions @ Kenny Heights in Kuching