RHB Retail Research
Trading Stocks - Wegmans Holdings
Wegmans Holdings crossed above both the downtrend line and the 30-day SMA line in the latest session - signalling its recent retracement may have reached an interim low and that a rebound may be taking place. Towards the upside, immediate resistance is eyed at MYR0.345, followed by MYR0.36. A stop loss can be placed at below MYR0.295.
Source: RHB Securities Research - 23 May 2019
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