Rakuten Trade Research Reports
Technical View - Wellcall Holdings Bhd
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Publish date: Wed, 16 Nov 2022, 09:08 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Wellcall Holdings Bhd (WELLCAL, 7231)
• Share price closed 3.54% higher at RM1.17 on Tuesday.
• WELLCAL broke out twice from its resistance levels of RM1.13 and RM1.15 yesterday with higher buying interest. Share price is now above its MA 20 and MA 50 lines. As indicators are showing bullish signals, share price is expected to trend higher.
• Resistance levels are identified at RM1.18 (R1) and RM1.23 (R2).
• On the flipside, support levels are pegged at RM1.09 (S1) and RM1.07 (S2).
Source: Rakuten Research - 16 Nov 2022
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