RHB Retail Research
Trading Stocks - Wah Seong Corp
At the time of writing, Wah Seong Corp was recently trading below the MYR1.43 threshold. A bullish bias may be present above this point with a target price of MYR1.50, followed by MYR1.60. The stock may consolidate further if it cannot breach above the MYR1.43 level in the near term. Support may be found at MYR1.32, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 23 Jan 2020
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