RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 19 Apr 2019, 6:11 PM


Technical Analysis - Wah Seong Corporation

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Wah Seong Corporation

Wah Seong may rebound further after it tested the MYR1.00 support in recent sessions. As the stock has formed a “Hammer” pattern on 7 Sep, this indicates a potential rebound. A bullish bias may appear above the MYR1.00 level, with an exit set below the MYR1.00 threshold. Towards the upside, the near-term resistance is at MYR1.14. This is followed by the MYR1.20 level.

Source: RHB Securities Research - 12 Sept 2018

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