$SUNCON (5263.MY)$
1.Reaccumulation with shakeout
2.Retest support with pullback
3.Plenty of strength signals at support
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ had a decent breakout back towards the 1628 points region with an overall positive market sentiment as KLCI window dresses to close for the year of 2024. Overall daily trading volume remains relatively low as we ended the day with only 2.8 billion.
Main stocks that showed strong buying momentum would be the likes of MYEG, JCY, CUSCAPI, SUPERMX, ECA, TOPGLOV, UEMS, EKOVEST, GAMUDA, TENAGA, MRCB, SIMEPROP, TANC...

$SUNCON (5263.MY)$ Been consolidating over the past 6-7 months within a symmetrical triangle pattern here on the daily chart.
Just started to breakout form its RM 4.60+ major resistance last week and if able to sustain, could trend back up towards its RM 5.10+ major resistance levels soon in the coming weeks.
Support: RM 4.60 area
Resistance: RM 4.80, RM 4.90, RM 5, RM 5.18 areas

$SUNCON (5263.MY)$ tmr lets see if can break 4.80 and go further up

$SUNCON (5263.MY)$ higher high with vcp and vol drying up, placing first portion at 4.75 with 4.44 stop.

$SUNCON (5263.MY)$
There is no looking back for Sunway Construction Group Bhd (SunCon), which continued to climb from its 52-week low of RM1.93 last December. The counter has since moved upwards to touch a high of RM5.18 in July.
Year-to-date, it has been impressive in terms of share price movement. It saw a 131.7% surge YTD to close at RM4.61. The gain would have been more phenomenal if compared to the time when SunCon touched its year-low.
Analyst...

$SUNCON (5263.MY)$ dont know why, this stock just moving sideways at 4.42 - 4.48 despite strong financials and fundamentals. What's going on?