Wegmans has continued to remain above the MYR0.325 support in recent sessions, indicating a positive sign. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.35 level, with an exit set below the MYR0.325 threshold. Towards the upside, the near-term resistance is at MYR0.40. This is followed by the MYR0.45 level.

Source: RHB Securities Research - 21 Sept 2018