NCT Alliance Berhad

• Share price closed 5.48% higher at RM0.385 on Wednesday.

• NCT rebounded from its support level at RM0.33 with high buying interests. Share price also closed above all its key moving average lines yesterday. Coupled with MACD crossover and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.385 (R1) and RM0.39 (R2).

• On the flipside, support levels are pegged at RM0.33 (S1) and RM0.32 (S2).

Source: Rakuten Research - 24 Mar 2023

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