DC Healthcare may rise higher after it hit a new all-time high with another white candle yesterday. The stock also broke out of the 1-week bullish pennant pattern, likely suggesting bullish momentum is increasing. A bullish bias may emerge above the RM0.48 level, with a stop-loss set at RM0.44, below the 25 Jul low. Towards the upside, the near-term resistance level is seen at RM0.55, followed by RM0.60.

Entry : RM0.48–0.51

Target : RM0.55, RM0.60

Exit : RM0.44

Source: AmInvest Research - 27 Jul 2023