RHB Investment Research Reports

Trading Stocks - Wellcall Holdings

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Publish date: Thu, 07 Dec 2023, 07:29 PM
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Wellcall Holdings is set to propel higher, surpassing the MYR1.69 breakout level, on a strong trading volume – printing a new high. Riding on the bullish momentum above the rising 21-day SMA line, the stock is likely to see the uptrend persist, heading towards MYR1.90, followed by the next resistance of MYR2. On the other hand, falling below the MYR1.60 support would lead to a resumption of the bearish phase.

Source: RHB Securities Research - 7 Dec 2023

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