RHB Retail Research
Technical Analysis - WCT
WCT may climb higher after forming another white candle and leaving an upside gap. The upward momentum would likely continue, given it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.885 level, with an exit set below the MYR0.795 threshold. Towards the upside, the near-term resistance is at MYR1.00. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 19 Sept 2018
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