Rakuten Trade Research Reports

Technical View - NCT Alliance Bhd (NCT, 0056)

rakutentrade
Publish date: Tue, 13 Jul 2021, 03:41 PM
rakutentrade
0 1,843
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

• NCT closed 4.5% or 2.5 sen higher to RM0.585 yesterday.

• NCT rose above key 61.8% Fibonacci level with a positive candlestick closing yesterday. Buying momentum is gaining traction backed by higher trading volume recently. With such positive developments, we expect the buying momentum to persist, potentially breaking immediate resistance level of RM0.585.

• As such, next resistance levels are projected at RM0.615 (R1) and RM0.705 (R2).

• For downside, support levels are expected at RM0.54 (S1) and RM0.51 (S2).

Source: Rakuten Research - 13 Jul 2021

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment