Wellcall is ready to jump higher, says RHB Retail Research

Wellcall is ready to jump higher, says RHB Retail Research
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KUALA LUMPUR (Sept 21): ): RHB Retail Research said Wellcall Holdings Bhd is ready to jump higher after it bounced off the support level and breached the RM1.03 consolidation phase yesterday– coupled with surging trading volume.

In a trading stocks note today, the research house said if the stock stays above that level, the strong buying interest may continue to propel the stock towards the next resistance of the RM1.11 recent high, followed by the RM1.18 resistance.

“Conversely, falling below the RM1.00 psychological support will cancel this expectation,” it said.