RHB Retail Research
Trading Stocks - Wegmans Holdings
Wegmans has been attempting to breach above the 21-day SMA line in the latest two sessions. Towards the upside, a breach of the MYR0.345 resistance would mean that it is highly possible the stock will scale higher. The resistance levels are set at MYR0.355 and MYR0.37. This bias should remain valid, provided the MYR0.33 point does not fail.
Source: RHB Securities Research - 10 Nov 2020
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