RHB Retail Research

Trading Stocks - NCT Alliance

Publish date: Mon, 06 Dec 2021, 08:33 AM
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RHB Retail Research

NCT Alliance may have found its footing in the latest sessions as it printed a “Hammer” bullish reversal candlestick – bouncing off its support. Bullish momentum is expected to emerge if it manages to cross above the immediate resistance of MYR0.47 – forming a “higher high” bullish pattern. If that happens, the next resistance level is at MYR0.515, followed by MYR0.53. Conversely, falling below the MYR0.44 support will cancel this expectation.

Source: RHB Securities Research - 6 Dec 2021

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