Wah Seong is eyeing to continue the bullish movement after it surged past the MYR0.86 resistance on strong volume.
RHB Retail Research, in a note today (May 22), said they observed that the stock has been charting a series of “higher highs” on the back of high volume – this shows strong momentum is underway.
Amidst the bullish setup, the stock will test the next resistance pegged at MYR0.92, followed by MYR0.97.
On the flipside, breaching below the MYR0.80 support will negate the bullish setup.
Harbour-Link is extending its upside movement after staging a bullish breakout, crossing above the resistance with strong volume.
RHB observed that the stock broke past the MYR1.26 resistance, charting a “higher high” candlestick with high volume.
If it sustains above the breakout point, it will climb towards MYR1.34, followed by the MYR1.40 mark.
Towards the downside, falling below the MYR1.19 support or bearish breakout would signify the bullish momentum has waned.
