RHB Retail Research
Trading Stocks - Wah Seong
Wah Seong is staging a breakout from the consolidation zone. It bounced off the immediate support to breach the previous resistance on strong volume yesterday. A positive bias is expected to stay above the MYR0.855 resistance-turned support and test the next resistance level of MYR0.90, followed by MYR1.00 psychological level. Meanwhile, falling below the MYR0.83 support level may change this direction.
Source: RHB Securities Research - 11 May 2021
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