RHB Retail Research
Trading Stocks - Wah Seong Corporation
Wah Seong may rebound further after it tested the MYR0.60 support in recent sessions. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR0.66 level, with an exit set below the MYR0.60 threshold. Towards the upside, the immediate resistance is at MYR0.75. This is followed by the MYR0.83 level.
Source: RHB Securities Research - 11 Jan 2019
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