RHB Retail Research
Technical Analysis - Wellcall
Wellcall may move higher after it continued holding above the MYR1.23 support. As the stock rose above the 21-day SMA line recently, this is a positive sign. A bullish bias may appear above the MYR1.28 level, with an exit set below the MYR1.23 threshold. Towards the upside, the near-term resistance is at MYR1.35. This is followed by the MYR1.40 level.
Source: RHB Securities Research - 17 Aug 2018
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