RHB Retail Research
Trading Stocks -Wong Engineering
Wong Engineering rose with a high trading volume to test the MYR0.95 resistance level. Observe that the share price is rising in tandem with the increased trading volume, indicating that the bullish momentum will continue to travel towards the next resistance level of MYR0.95, followed by MYR1.03. A downside breach of the MYR0.785 support level would nullify this expectation.
Source: RHB Securities Research - 1 Oct 2020
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