We expect further upside in WTK Holdings following a long white candle which breached the RM0.54 resistance yesterday. As the stock has recorded its 9-month high and coupled with its rising EMAs, the near term upside momentum may continue. A bullish bias may emerge above the RM0.54 level, while setting a stop-loss at RM0.51. Towards the upside, we are eyeing the near-term resistance level at RM0.60, followed by RM0.64.

Entry: RM0.54–0.55

Target: RM0.60, 0.64

Exit: RM0.51

Source: AmInvest Research - 3 Mar 2022