Monday 02 Oct 2023
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KUALA LUMPUR (Sept 7): RHB Retail Research said WCT Holdings Bhd is extending its uptrend amid bouncing off the immediate support on high trading volume.

In a trading stocks note today, the research house said the “higher low” pattern above the 21-day SMA line points to a bullish continuation set-up above the breakout level of 54 sen.

“The bullish momentum may uplift the stock towards the next resistance at 58.5 sen before reaching the 63 sen level – its 52-week high.

“However, falling below the 52.5 sen support may signal a downtrend,” it said.


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