RHB Investment Research Reports
Trading Stocks - Wellcall Holdings
rhbinvest
Publish date: Tue, 23 Jan 2024, 05:15 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Wellcall Holdings is eyeing for a technical breakout after bouncing off the 21-day SMA line, heading towards the RM1.75 immediate resistance yesterday. If a breakout above that level happens, indicating a “higher high” bullish structure, the stock may surge towards RM1.90, followed by the RM2 mark. On the other hand, falling below the MYR1.63 support will kick off the correction phase.
Source: RHB Securities Research - 23 Jan 2024
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