Practice Makes Perfect

WCT - Low Volume, Panic Selling Was Over!?

Chin Kok Tan
Publish date: Tue, 09 Aug 2011, 08:40 PM
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CK>> Take a look closely on WCT share price and volume today. It hits lowest at 2.52 in the morning, but in the afternoon session, managed to rebound back to 2.81 with 2 cents gain. Quite similar with GAMUDA case except volume.

GAMUDA has high volume today, that's why the share price was pushed to closed with 15 cents gain.

WCT has very little tiny volume today, it represents "no panic selling, it was over" and "no huge bargain hunting seen". While there is no panic selling seen today, it should be a good sign to grab it now! Expects the share price to back to at least RM3 level with closing all the previous gaps.

But to be safe, let's monitor tomorrow morning before making any position... My personally thought, for fun only!

Important Date:
15-Aug, Monday --> Q2 FY2011 Financial Results



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