PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 23 Aug 2019, 10:55 AM


Technical Buy: WCT-WE (9679WE)

Author:   |    Publish date:

  • Target Price: RM0.140, RM0.150
  • Last closing price: RM0.120
  • Potential return: 16.6%, 25.0%
  • Support: RM0.110
  • Stop Loss: RM0.100

Possible for upside. WCT-WE is recovering from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.140 be broken, it may continue to lift price higher to subsequent resistance level of RM0.150. Note that the maturity date of WCT-WE is on 27 Aug 2020.

However, failure to hold on to support level of RM0.110 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 20 Jun 2019

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Labels: WCT

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Chart Stock Name Last Change Volume 
WCT 1.02 +0.01 (0.99%) 2,872,300 

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