Wong Engineering Corporation is set to propel northwards after crossing the MYR0.64 immediate resistance on Monday – printed a “White Marubozu” bullish candlestick with strong volume. If the bullish momentum persists, the stock may travel towards the next resistance of MYR0.68, followed by the MYR0.725 threshold. If it falls below the support level of MYR0.605, the stock will likely move downwards, as it falls beneath the 21-day average line.

Source: RHB Securities Research - 20 Apr 2022