{"id":29771,"date":"2022-12-09T09:43:46","date_gmt":"2022-12-09T01:43:46","guid":{"rendered":"https:\/\/umedic.com.my\/Stagging2025\/?p=29771"},"modified":"2023-04-05T10:04:23","modified_gmt":"2023-04-05T02:04:23","slug":"stocks-picks-of-the-day-wah-seong-corp-umedic-group","status":"publish","type":"post","link":"https:\/\/umedic.com.my\/Stagging2025\/stocks-picks-of-the-day-wah-seong-corp-umedic-group\/","title":{"rendered":"Stocks Picks of the Day: Wah Seong Corp, UMedic Group"},"content":{"rendered":"<p><strong>Wah Seong Corporation<\/strong><\/p>\n<p>Wah Seong, as cited in RHB Retail Research\u2019s technical analysis (Dec 9), is set to reclaim its 3-month high, as it bounced off the 21-day average line and pushed past the immediate resistance point of MYR0.635 yesterday, on strong trading volume. The bullish bias above that level may push the stock higher towards MYR0.69 or 8 Sep\u2019s high. The next resistance is at MYR0.735, or 25 May\u2019s high. Conversely, the stock may reverse direction towards the average line if it falls below the MYR0.595 support, forming a \u201clower low\u201d bearish structure beneath the average line.<\/p>\n<p><strong>UMedic Group<\/strong><\/p>\n<p>This counter is in the midst of consolidating sideways between MYR0.695 and MYR0.74 amid the uptrend reversal posture above the 21-day average line. If the stock rebounds and breaches the resistance of MYR0.74, the bullish momentum may accelerate to propel the stock northwards towards the MYR0.80 mark. This is then followed by the next resistance of MYR0.885, or 28 Sep\u2019s high. The momentum may be reversed if it drops below MYR0.695 \u2013 forming a \u201clower low\u201d bearish pattern, below the average line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wah Seong Corporation Wah Seong, as cited in RHB Retail Research\u2019s technical analysis (Dec 9), is set to reclaim its 3-month high, as it bounced off the 21-day average line and pushed past the immediate resistance point of MYR0.635 yesterday, on strong trading volume. The bullish bias above that level may push the stock higher [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":28357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[180,205,170,202,197],"class_list":["post-29771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bursa-malaysia","tag-theedgemarkets","tag-umc","tag-umcg","tag-umedicgroupberhad"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stocks Picks of the Day: Wah Seong Corp, UMedic Group - UMediC Group Berhad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/umedic.com.my\/Stagging2025\/stocks-picks-of-the-day-wah-seong-corp-umedic-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks Picks of the Day: Wah Seong Corp, UMedic Group - UMediC Group Berhad\" \/>\n<meta property=\"og:description\" content=\"Wah Seong Corporation Wah Seong, as cited in RHB Retail Research\u2019s technical analysis (Dec 9), is set to reclaim its 3-month high, as it bounced off the 21-day average line and pushed past the immediate resistance point of MYR0.635 yesterday, on strong trading volume. 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