RHB Retail Research

Trading Stocks - WCT

rhboskres
Publish date: Fri, 05 Apr 2019, 05:25 PM
rhboskres
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RHB Retail Research

WCT may climb higher after posting a long white candle and leaving an upside gap. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR0.88 level, with an exit set below the MYR0.80 threshold. Towards the upside, the near-term resistance is at MYR0.96. This is followed by the MYR1.02 level.

Source: RHB Securities Research - 5 Apr 2019

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