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After briefly retracing from the RM0.64 peak, NCT has found solid support around RM0.60, where buying interest re-emerged on lighter volume, a constructive sign that profit-taking was absorbed efficiently without heavy distribution. The rebound in the latest few sessions has been accompanied by renewed volume uptick, suggesting accumulation is resuming. Momentum oscillators, particularly the lower-panel histogram, show that bullish strength is consolidating at a higher base, aligning with the price’s attempt to form a higher low setup.
Recent recovery pattern suggests a clear shift in sentiment — the higher lows since late September and breakout above the consolidation zone confirm renewed investor confidence. The upward trajectory appears technically sustainable as long as the price holds above the RM1.50 support line.
Feeling optimistic after the announcement, which is a good sign for the market as this sentiment could translate into increased investment and development in the coming months.
On the Hunt for the Next IPO Unicorn
ADNEX - specialises in providing interior fit-out services for commercial and industrial properties, mainly for use as corporate offices, food-and-beverage outlets, and sales galleries.
VERDANT - has steadily expanded its footprint in the solar photovoltaic (PV) sector since 2015, from residential system supply to engineering, procurement, construction and commissioning services in 2019 and launching operations and maintenance ervices in 2023.
IAB - is well positioned to support Sarawak’s transformation journey given its strong track record of 20 years in delivering smart, data-driven solutions supporting Sarawak's large-scale infrastructure upgrades, utility digitalisation and comprehensive smart water initiatives.
Keyfield International also posted a fresh bullish candlestick, closing above the RM1.45 resistance. With strong momentum and a move above the 21-day SMA, the counter may advance to RM1.55 and RM1.65, though a retreat below RM1.30 would invalidate the bullish setup.
