NCT Alliance could resume its uptrend reversal as it bounced off the 21-day average line while heading towards the immediate resistance of MYR0.43, following a recent pullback. If it pushes past that point, the stock should climb towards MYR0.47 or 3 Mar’s high, followed by the MYR0.50 threshold. If it falls below the MYR0.40 support, the recent uptrend reversal may be voided as it would form a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 9 Aug 2022