NCT: Pending Breakout?
$NCT (0056.BMS)$ had been consolidating over the past year here without much action and volume and formed a solid support region around the RM 0.32+ levels.
Trading towards the end of its descending triangle consolidation pattern already and if able to hold, could be breaking out from its RM 0.34 - RM 0.35 main downtrend resistance levels soon.
If able to trigger this breakout, could ride along with the current property bull run to retest the RM 0.40+ levels potentially.
Support: RM 0.32 area
Resistance: RM 0.34, RM 0.35, RM 0.37, RM 0.38, RM 0.40 areas
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