SUNWAY - stock code 4308

SUNWAY HOLDINGS   sector : construction

Below: Sunway daily chart (click to enlarge):

1. The uptrend from Nov 08 to early Aug 09 already corrected to 38% (also a significant Fibonacci level).  Believe so the correction phase is over and now heading to 1.60

2. Micro double-bottom pattern with higher low. 

3.  Vital support at 1.16 zone. (also a signal zone - if collapsed then forget it))

4. Expecting strong resistance at RM1.60. A strong breakout needed first for higher target.

Last few 'down' days could give good entry price. Reversal from this few down days is a bullish signal. Important for 1.16 support to hold. For early warning watch any weakness in the 1.22-1.20 price zone.

Below: Sunway daily chart (click to enlarge):
 Other info on Sunway at thestar biz

SUNWAY HOLDINGS   sector : construction

Below: Sunway daily chart (click to enlarge):

1. The uptrend from Nov 08 to early Aug 09 already corrected to 38% (also a significant Fibonacci level).  Believe so the correction phase is over and now heading to 1.60

2. Micro double-bottom pattern with higher low. 

3.  Vital support at 1.16 zone. (also a signal zone - if collapsed then forget it))

4. Expecting strong resistance at RM1.60. A strong breakout needed first for higher target.

Last few 'down' days could give good entry price. Reversal from this few down days is a bullish signal. Important for 1.16 support to hold. For early warning watch any weakness in the 1.22-1.20 price zone.

Below: Sunway daily chart (click to enlarge):
 Other info on Sunway at thestar biz

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