Wegmans moving up with strong momentum, says RHB Retail Research

-A +A

KUALA LUMPUR (Oct 16): RHB Retail Research said Wegmans Holdings Bhd is moving up with strong momentum as it broke past the resistance level of 37 sen.

In a trading stocks note today, the research house said as trading volume increased, it expects the bullish momentum to maintain and reach the next resistance level of 40.5 sen, followed by 43 sen.

“This positive expectation should remain valid, provided the 34 sen support does not fail,” it said.