Wellcall Holdings may rise higher after it formed a long white candle and hit a new 52-week high yesterday. In view that the 20- day and 50-day EMAs are trending higher, a positive outlook can be expected here. A bullish bias may emerge above the RM1.65 level, with a stop-loss set at RM1.52, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.90, followed by RM2.00.

Entry : RM1.65–1.70

Target : RM1.90, RM2.00

Exit : RM1.52

Source: AmInvest Research - 6 Dec 2023