Wong Engineering fell into an oversold level, as it attempted to stage a rebound during the latest session. As trading volume has increased in recent sessions, this may result in a technical rebound if it crosses above the resistance of MYR0.78. If this happens, the next resistance level would be at MYR0.83, followed by MYR0.88. A downside breach of the MYR0.70 support level would nullify this expectation and see a further share price correction

Source: RHB Securities Research - 2 Nov 2020