RHB Retail Research

Technical Analysis - Wong Engineering Corp

rhboskres
Publish date: Fri, 24 Aug 2018, 10:33 AM
rhboskres
0 9,021
RHB Retail Research

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

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