DC Healthcare Holdings is poised for a technical rebound, as it is consolidating above the 21-day SMA line, while heading towards the MYR0.50 breakout level. If a breakout happens, the stock may climb higher towards the historical high of MYR0.54, followed by the MYR0.60 mark. Towards the downside, a breach below the MYR0.48 support will negate the bullish setup, forming a “lower low” bearish pattern below the SMA line.
Source: RHB Securities Research - 19 Oct 2023
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