Wong Engineering may rebound further after it tested MYR0.865 support recently. The upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.97 level, with an exit set below the MYR0.865 threshold. Towards the upside, the near-term resistance is at MYR1.10. This is followed by the MYR1.19 level.

Source: RHB Securities Research - 24 Aug 2018