Closed:                    RM0.92

Resistance:              (R1) RM1.00/(R2) RM1.15

Support:                  (S1) RM0.85/(S2) RM0.77

Wellcall Holdings Bhd (7231) rose 2.5 sen to RM0.92 with active trading volume to break out from the 200-day moving average (orange line).

Technical indicators are encouraging with the MACD crossing above its signal line and the RSI climbing towards the overbought zone.

After Friday’s surge, the stock could pull back but has a chance to extend its rebound if share price sustains above 89 sen where the 200-day moving average (orange line) stands. For the downside, we advise traders to cut loss if the price falls below the immediate support of RM0.85, marked by the 50-day moving average (blue line).