Woodlandor Holdings is poised to resume its uptrend following the recent retracement, after it bounced off the immediate support, eyeing to head towards the MYR1.62 immediate resistance yesterday. If it manages to cross above that level, expect the stock to propel towards uncharted territory of MYR1.90, then the MYR2.00 psychological mark. In the event it drops below the MYR1.32 support, the stock may resume its downtrend, printing a “lower low” bearish pattern.

Source: RHB Securities Research - 28 Jan 2022