Support Level: RM0.305
Resistance: RM0.335, RM0.350
Selling pressure on SUNZEN had tested the RM0.305 region, which had since rebounded strongly to the current RM0.330 level. We see a potential upward movement to challenge the RM0.335 and RM0.350 levels ahead, indicating a strong buying interest piqued by successful support level tests. Remain BUY for SUNZEN ahead.
$SUNZEN (0148.MY)$
Resistance: RM0.335, RM0.350
Selling pressure on SUNZEN had tested the RM0.305 region, which had since rebounded strongly to the current RM0.330 level. We see a potential upward movement to challenge the RM0.335 and RM0.350 levels ahead, indicating a strong buying interest piqued by successful support level tests. Remain BUY for SUNZEN ahead.
$SUNZEN (0148.MY)$
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Sunzen Biotech (KLSE: 0148) is poised for a breakout for the continued uptrend beyond RM0.350, the key resistance level for the company. Both MA20/50 showed positive strengths with reduced selling pressure. Key support remained at RM0.345, which was formed after multi tests on the consolidation phase. Maintain BUY for Sunzen Biotech.
Support: RM0.345, RM0.320
Resistance: RM0.350, RM0.370
$SUNZEN (0148.MY)$
Support: RM0.345, RM0.320
Resistance: RM0.350, RM0.370
$SUNZEN (0148.MY)$
5
Understanding Sunzen Biotech
Sunzen Biotech Berhad has undergone significant business transformation and growth in recent years. Here are some key investment highlights to help you better understand the future prospects of this company.
Exiting from Animal Health Business. As of the latest record (FY2022), the animal health business accounted for 6.01% of the annual revenue but incurred a pre-tax loss of RM4.67 millio...
Sunzen Biotech Berhad has undergone significant business transformation and growth in recent years. Here are some key investment highlights to help you better understand the future prospects of this company.
Exiting from Animal Health Business. As of the latest record (FY2022), the animal health business accounted for 6.01% of the annual revenue but incurred a pre-tax loss of RM4.67 millio...
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