RHB Retail Research
Trading Stocks - WCT Holdings
WCT Holdings is extending its uptrend amid bouncing off the immediate support on high trading volume. The “higher low” pattern above the 21-day SMA line points to a bullish continuation set-up above the breakout level of MYR0.54. The bullish momentum may uplift the stock towards the next resistance at MYR0.585 before reaching the MYR0.63 level – its 52-week high. However, falling below the MYR0.525 support may signal a downtrend.
Source: RHB Securities Research - 7 Sept 2021
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