Willowglen MSC Bhd
(code: 0008) rebounded yesterday after a correction and crossed above the 200-day simple moving average (SMA) in intra-day trade.
While there was a spurt of positive momentum in yesterday’s trading following the share price rising 3.5 sen to 49.5 sen to the intra-day high, the stock erased gains later in the day to close slightly higher. Nevertheless, the advance put the share price within reach of the immediate resistance of 50 sen and on a more bullish trajectory.
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