![](/pub/blog/bl24/itmfns0y_20231020090114.png)
DC Healthcare Holdings Bhd
- Share price closed 2.04% higher at RM0.50 on Thursday.
- DCHCARE entered into a consolidation phase, oscillating between RM0.455 and RM0.50. The shortterm 5-day SMA line is converging with its 13-day counterpart, having broken out from its 13-day lines with high buying momentum yesterday, suggesting that the upward momentum is gaining traction.
- The bullish momentum is expected to drive it towards the resistance level of RM0.50 (R1), followed by RM0.51 (R2).
- On the downside, stop-loss is set at RM0.435, below the 20 Jul’s low.
![](/pub/blog/bl24/zwi31bgn_20231020090119.png)
Source: Rakuten Research - 20 Oct 2023
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