AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 10 May 2021, 9:54 AM


Stocks on Radar - Wellcall Holdings (7231)

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Wellcall Holdings may soon retest the resistance level RM0.88 again. With the RSI indicator trending above 60%, coupled with recent higher trading volume, we see that the bullish momentum is intact. A successful break above the resistance level may push it towards the next short-term target prices of RM0.92 and RM0.99. The downside support is anticipated at RM0.79, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.88

Target: RM0.92, RM0.99 (time frame: 2-4 weeks)

Exit: RM0.79

Source: AmInvest Research - 12 May 2020

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Chart Stock Name Last Change Volume 
WELLCAL 1.06 0.00 (0.00%) 118,900 

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