Last updated on August 23, 2025

RHB Investment Bank Bhd (RHB Research) has highlighted Sunway Construction Group Bhd (SunCon) and Jaya Tiasa Holdings Bhd as stocks to monitor, pointing to strong bullish momentum in both counters.

SunCon ended its latest trading session above the RM5.40 resistance level, forming a long bullish candlestick on heavy volume. According to RHB Research, this breakout reflects robust momentum, with potential upside towards RM5.70 and RM5.90. However, it warned that a drop below RM5.20 could invalidate the bullish view and spark a correction.

Similarly, Jaya Tiasa surged past the RM1.25 resistance on strong volume, posting a fresh “higher high” white candlestick. RHB Research said the breakout confirms a solid upward trend, setting potential targets at RM1.35 and RM1.40. A decline below RM1.20, however, would reverse the bullish setup and trigger a correction.

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Bernard Lee
Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.