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WTK Holdings Bhd put in strong gains for a second consecutive day, which saw its share price rise above the 50-day simple moving average (SMA) and into more bullish territory.

At Monday's intra-day high of 54 sen, the stock had come within its immediate resistance of 55 sen, which meets the 100-day SMA.

The two-day push serves as a 40% retracement of the value the stock had lost during the three-month decline between Aug 22 and Nov 22.