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