WTK Holdings is set to jump towards the 52-week high after bouncing off the 21-day average line yesterday. It broke the recent high of MYR0.54 on stronger volume. The latest bullish candlestick indicates that follow-through bullish momentum is likely to occur towards the resistance level of MYR0.575, followed by MYR0.645 – its 52-week high. Conversely, falling below the immediate support of MYR0.505 may trigger the resumption of a downward correction beneath the 21-day average line.

Source: RHB Securities Research - 3 Mar 2022