RHB Retail Research
Trading Stocks - NCT Alliance
NCT Alliance is ready to jump higher, as it bounced off the 21-day average line, breaching above the immediate resistance of MYR0.545. If it manages to stay above that level, bullish momentum may propel the stock towards the nearest resistance of MYR0.59, followed by MYR0.65. However, falling below the MYR0.52 support – below the 21-day average line – may reverse the momentum.
Source: RHB Securities Research - 14 Oct 2021
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