Rakuten Trade Research Reports
Technical View - WCE Holdings Bhd (WCEHB, 3565)
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Publish date: Tue, 19 Nov 2019, 09:34 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
WCE Holdings Bhd (3565)
• WCEHB rose 10.4% or 4 sen to RM0.425 yesterday.
• Chart-wise, share price had rebounded from a 52-week low in end-Oct. It closed with a second consecutive positive long candle yesterday supported by higher trading volume. This could suggest stronger buying interest ahead thereby we expect share price to move higher.
• Resistance levels are expected at RM0.485 (R1) and RM0.500 (R2).
• On the contrary, support levels can be identified at RM0.400 (S1) and RM0.345 (S2).
Source: Rakuten Research - 19 Nov 2019
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