HSS Engineers Bhd (0185)

• HSSEB closed 2 sen or 1.65% lower to RM1.19 last Friday.
• Chart-wise, share price has been trading above its key moving averages signalling a positive buying momentum on the stock.
• We believe the price has more potential upside as HSSEB is one of the key beneficiaries within the construction and water industry.
• Resistance levels are identified at RM1.29 (R1) and next level at RM1.38 (R2).
• On the flipside, support levels are expected of at RM1.15 (S1) and RM1.09 (S2).

Source: Rakuten Research - 15 Apr 2019