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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Thu, 5 Dec 2019, 9:25 AM

 

Technical View - WCE Holdings Bhd (WCEHB, 3565)

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WCE Holdings Bhd (3565)   

• WCEHB rose 10.4% or 4 sen to RM0.425 yesterday.

• Chart-wise, share price had rebounded from a 52-week low in end-Oct. It closed with a second consecutive positive long candle yesterday supported by higher trading volume. This could suggest stronger buying interest ahead thereby we expect share price to move higher.

• Resistance levels are expected at RM0.485 (R1) and RM0.500 (R2).

• On the contrary, support levels can be identified at RM0.400 (S1) and RM0.345 (S2).

Source: Rakuten Research - 19 Nov 2019

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Labels: WCEHB

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Chart Stock Name Last Change Volume 
WCEHB 0.305 -0.005 (1.61%) 4,056,900 

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