AmInvest Research Reports
Stocks on Radar - WTK Holdings (4243)
AmInvest
Publish date: Wed, 06 Nov 2019, 09:12 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
WTK Holdings may soon test the RM0.505 resistance level. With a rising RSI, a bullish bias may be present above this mark with short-term target prices of RM0.535 and RM0.58. Meanwhile, it may continue moving sideways if it fails to cross RM0.505 in the near term. In this case, the downside support is anticipated at RM0.46, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM0.505
Target: RM0.535, RM0.58 (time frame: 3-6 weeks)
Exit: RM0.46
Source: AmInvest Research - 6 Nov 2019
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