WTK Holdings is poised for a technical breakout as it trended upwards and closed at the resistance point of MYR0.56 last Friday – coupled with improved volume. If it manages to break above that level, buying interest should propel the stock towards the next resistance of MYR0.60, then the YTD high of MYR0.645. If it falls below the support level of MYR0.53, selling pressure may emerge as it forms a “lower low” bearish formation below the 21-day average line.
Source: RHB Securities Research - 5 May 2022
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Apr 23, 2024