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Sunway Construction Group Bhd.Sunway Construction Group Bhd.Sunway Construction Group Bhd.

Sunway Construction Group Bhd.

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SUNCON - BREAKS DOWNTREND LINESUNCON - CURRENT PRICE : RM6.13 SUNCON (MYX:SUNCON) is a Bursa Malaysia–listed company under the Construction industry. Key Technical Highlights : 1. Breakout from Downtrend Line Price has successfully broken above the descending trendline, signalling a potential trend reversal and fresh bullish momentum. 2. Price Holding Above EMA 50 SUNCON continues to trade above the EMA 50, showing that buyers are defending the medium-term trend and pullbacks are being absorbed. 3. RSI Turning Bullish, Not Overbought RSI has bounced from the mid-zone and is trending upward, indicating strengthening momentum. Importantly, RSI is still far from the overbought zone, giving room for further upside. ENTRY PRICE : RM6.10 - RM6.13 FIRST TARGET : RM6.50 SECOND TARGET : RM6.90 SUPPORT : RM5.80 Summary: SUNCON is showing a clean bullish setup after breaking out of its downtrend and holding strongly above the EMA 50. With RSI momentum improving and price structure recovering, the stock has potential to retest the all-time high if buying pressure continues.
MYX:SUNCONLong
by IMRAN_96
SUNCON MARKING UPThis is a Schematic #2 Re-Accmulation The point of focus would be over the Stepping Stone area *(Black Color, Shaded Area) *SS (Stepping S) -SS, bascially a temporary 'place' / 'phase' where, the price would be lingering around before continuing the markup. The purple color arc **Purple Arrow, is a A type of Contraction. -A Contraction, indicating that the market participant has been reducing. -to be more specific, this is #1 schematic of SpringBoard I initiated my position from the Trigger Bar @ 22/8/25 (RM 6.07) Added another position today (RM 6.21)
MYX:SUNCONLong
by drsyariz
SUNWAY CONSTRUCTION GROUP BERHAD Recently, the stock appears to be rebounding from the lower levels (around MYR4.00), currently trading at MYR4.19. The current rebound shows the price nearing the middle band (which typically represents the 20-period moving average). Support is observed around the MYR4.00 level, where the price has rebounded recently. Resistance is likely to be around MYR4.40 to MYR4.50, the region of the middle Bollinger Band and the moving average. Strong resistance is also seen at MYR5.20, the high from late July. The stock is currently in a recovery phase after a significant correction. A break above the 50-day moving average and the middle Bollinger Band could signal further upside potential. However, the low volume during this rebound suggests caution. Traders may want to wait for a confirmation of increased volume and a solid break above key resistance levels for a stronger bullish signal.
MYX:SUNCONLong
by Sahrin
SUNCON - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
MYX:SUNCONLong
by AMTechAnalysis