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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 25 Feb 2020, 2:52 PM

 

Stocks on Radar - WTK (4243)

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WTK has rebounded from its low to test the immediate resistance level of RM0.60. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM0.64 and RM0.69. Meanwhile, it may continue moving sideways if it fails to cross the RM0.60 mark in the near term. In this case, the immediate support is anticipated at RM0.55, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy upon breakout above RM0.60

Target: RM0.64, RM0.69 (time frame: 3-6 weeks)

Exit: RM0.55

Source: AmInvest Research - 17 Dec 2019

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Labels: WTK

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WTK 0.465 +0.005 (1.09%) 70,200 

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