Westports Holdings Berhad (WPRTS, 5246)

• WPRTS displayed a resurgence of buying interest with the formation of higher lows hence signallinga potential trend reversal. The breakout of the pennant pattern reinforces the stock's strength to surpass its immediate resistance at RM4.50. We believe the uptick in RSI will support the EMAs and paved the way for further upside potential.

• Thus, we expect the stock to test the next resistance at RM4.58 (R1) followed by RM4.78 (R2) in thenear term.

• On the downside, stop-loss is set at RM4.23.

Source: Rakuten Research - 24 Jan 2025

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