RHB Retail Research
Trading Stocks - WCE
WCE continued to extend its upward move after recently completing a pullback, which saw its share price find support around the 21-day SMA line. The upward move should be able to sustain provided the MYR0.41 support does not fail – the next resistance levels are pegged at MYR0.46 and MYR0.485. A downside breach of MYR0.41 would cancel this positive bias.
Source: RHB Securities Research - 11 Mar 2021
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