KUALA LUMPUR (June 20): RHB Retail Analysis mentioned Sunway REIT is poised to renew its uptrend because it rebounded from a current pullback, surpassing the 21-day common line final Friday – printing a “White Marubozu” bullish candlestick.
In a buying and selling shares observe at the moment, the analysis home mentioned this, coupled with its above 30-day common buying and selling quantity, the inventory might push above the instant resistance of RM1.58.
“If that occurs, a bullish bias might emerge above that time to propel the inventory increased in the direction of RM1.62 – March 27, 2020’s excessive, adopted by RM1.65, Sept 14, 2020’s excessive.
“If it falls beneath the help stage of RM1.49, the inventory might pattern downwards, forming a “decrease low” bearish sample,” it mentioned.
Like our content material? Take a look at Narratives – the place we curate tales primarily based on subjects to maintain you properly and broadly knowledgeable about Malaysian actual property.
In search of property? Take a look at Location Scan, the place we summarize all obtainable choices and info you want in just a few clicks. We now have up to date the device to incorporate MRT3 stations too.
Curious how a lot you may borrow? Use LoanCheck to get your most mortgage eligibility from numerous banks, or LoanReport to get a FREE CTOS/CCRIS credit score report.