RHB Retail Research
Trading Stocks - Westports
Westports formed a long white candle, indicating that momentum of buying could be strong. Yesterday’s candle can be regarded as a continuation of the rebound that started off 17 May’s “Bullish Harami” pattern. A bullish bias may emerge above the MYR3.65 level, with an exit set below the MYR3.45 threshold. Towards the upside, the immediate resistance is at MYR3.88. This is followed by the MYR4.00 level.
Source: RHB Securities Research - 24 May 2019
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