WINGTM broke out from a downward-sloping channel last week. Since then, the share price had been gradually inching higher to RM2.45 yesterday. In fact, WINGTM has just cut above 3 converging resistance lines recently (20- and 50-day SMA, as well as the 50% Fibonacci Retracement level at RM2.35). Coupled with the MACD which has just crossed above its Signal line, we believe that WINGTM has further upside to go. Overhead resistances are located at RM2.62 and RM2.85, while immediate downside support is present at RM2.35 and RM2.15.

Source: Kenanga