RHB Retail Research
Trading Stocks - WCT Holdings
WCT Holdings is eyeing to test its 52-week high after it attempted to cross the immediate resistance of MYR0.58 on high volume. While the stock is forming a “higher low” pattern, a bullish bias will emerge if it breaches the immediate resistance level. In that scenario, the stock may climb to its 52- week high of MYR0.63, and subsequently, MYR0.70. Meanwhile, falling below the MYR0.54 support may reverse its direction.
Source: RHB Securities Research - 19 Jul 2021
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