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?Trading Idea: WCT HOLDINGS BERHAD (Find me on Tele)
BUY/LONG: +/- RM0.955
SL: RM0.745 (19.46%)
TP1: RM1.02 (6.81%)
TP2: RM1.13 (17.28%)
TP3: RM1.26 (32%)
TP4: RM1.47 (58.92%)
REASON: The stock is forming a falling wedge pattern, a bullish reversal signal. The price is currently bouncing off the 0.618 Fibonacci level, indicating potential for a strong upward move. If the stock breaks above RM1.02, it could continue toward the next Fibonacci resistance levels, with a final target of RM1.47. With a risk/reward ratio of 3.03, this setup provides a solid opportunity for gains.