Rakuten Trade Research Reports

Technical View - DC Healthcare Holdings Bhd

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Publish date: Fri, 27 Oct 2023, 09:13 AM
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DC Healthcare Holdings Bhd (DCHARE, 0283)

  • DCHARE is eyeing to stage a bullish breakout to cross above the immediate resistance of RM0.53. Inview of the white marubozu candlestick formed yesterday with a higher share price from rising EMAs, we believe there is a favorable opportunity for the stock to experience an upper breakout in the short term, potentially extending the current uptrend.
  • In the event it breaks above the RM0.53 threshold, this will improve market sentiment and should liftthe stock towards the subsequent level of RM0.58 (R1), followed by RM0.60 (R2).
  • On the downside, stop-loss is set at RM0.49, below the 23 Oct’s low.

Source: Rakuten Research - 27 Oct 2023

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