WCT is in wave 3

Looking at the chart for WCT Holdings Berhad, here's my analysis:

Current Price Action:
- Trading at RM1.00, down 2.91%
- Currently in consolidation after recent breakout
- Price above key moving averages indicating bullish trend

Elliott Wave Analysis:
- Completed waves I through IV
- Setting up for wave V move higher
- Wave V target projected around RM1.31

Key Technical Levels:
1. Support:
- Strong support at RM0.790 (wave IV low)
- Secondary support at RM0.875 (previous resistance turned support)
- Moving averages providing dynamic support around RM0.95

2. Resistance:
- Immediate resistance at RM1.06 (recent high)
- Major target at RM1.31 (wave V projection)
- Psychological level at RM1.00

Notable Events:
- September 2024: MYR-52.818M (-17.93%)
- June 2024: MYR-44.786M (-203.75%)
- MYR200.374M (-423.57%) significant movement in September

Trading Considerations:
- Currently testing support at moving averages
- Stop loss could be placed below RM0.90
- Risk/reward favorable for wave V target
- Volume profile showing potential accumulation