Possible for trend reversal. WONG is potentially staging a breakaway from itscurrent downtrend, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.300 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.320.
However, failure to hold on to support level of RM0.275 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 25 Apr 2024
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