KUALA LUMPUR (Dec 17): RHB Retail Research said Sunway Bhd may trend higher after it formed another white candle and breached above the RM1.80 mark.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upward, this is an indication of a positive sign.

“A positive bias may emerge above the RM1.80 level, with an exit set below the RM1.74 threshold.

“Towards the upside, the immediate resistance is at the RM1.90 mark. This is followed by the RM2.00 level,” it said.