WAH SEONG CORPORATION BHD Stock Symbol: WASEONG
Stock Code: 5142
below: Wah Seong Chart (click to enlarge)
Technical Comments: Wah Seong should extend consolidation pending breakout above the upper Bollinger band (RM1.70) to target resistance at 50%FR (RM1.86), while a confirmed breakout would challenge higher chart resistance at 61.8%FR (RM1.94) ahead. Immediate support is at the low of 07/02/13 (RM1.56).
Wah Seong is principally involved in four business activities, namely, provision of specialised pipe coating services for the oil and gas industry, manufacturing of steel pipes for the oil and gas and infrastructure sectors, provision of industrial engineering services and distribution of building materials.