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Daily Trading Stocks: WCT Bhd

kiasutrader
Publish date: Tue, 17 Jul 2012, 09:10 AM
WCT's  rebound  should  extend  further  after  it  closed  above  the psychological RM2.50 yesterday. A purchase can be made above the level,  with  a  close  below  the  recent  low  of  RM2.43  as  a  stop-loss. Price targets are RM2.90 and RM3.11, provided that the recent high of  RM2.80  is  violated.  Failure  to  hold  above  the  psychological  level could see a return of selling and supports are expected at the recent lows of RM2.30 and RM2.16.


Source: OSK
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