Wellcall Holdings is ready to jump higher after it bounced off the support level and breached the MYR1.03 consolidation phase yesterday– coupled with surging trading volume. If it stays above that level, the strong buying interest may continue to propel the stock towards the next resistance of the MYR1.11 recent high, followed by the MYR1.18 resistance. Conversely, falling below the MYR1.00 psychological support will cancel this expectation.

Source: RHB Securities Research - 20 Sept 2021