Possible for sideways breakout. WIDAD is potentially staging a breakout from its sideways channel, with anticipation of improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.380 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.400.
However, failure to hold on to support level of RM0.350 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 29 Sept 2022
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WIDADCreated by PublicInvest | Apr 26, 2024