Wegmans may rise higher after posting a long white candle and hitting its new 52-week high. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR0.375 level, with an exit set below the MYR0.325 threshold. Towards the upside, the immediate resistance is at MYR0.45. This is followed by the MYR0.50 level.

Source: RHB Securities Research - 27 Sept 2018