Mar 21, 2010

Sunway 4308

Chart wise : A matter of time ……………
sunway-latest-chart click to enlarge

Sunway (4308-MainBoard) had on  19/3/2010 tested immediate high of RM1.55 (18/1/2010) before settled at RM1.55. 

Next Potential Upside Target : An upside violation of RM1.55 hurdle would likely see Sunway  to trade upward with next upside target at RM1.80. 

Entry Level  : Risk taking traders may establish buying position at RM1.52.

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM1.43 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities