Kenanga Research & Investment
Highlights / Stock Picks of the Day - WCT Holdings Bhd (WCT) – Not Rated
Yesterday, WCT surged 11 sen or +5.07% to settle at RM2.28 with high trading volume. From a technical perspective, the share price has broken out from its multi-month downtrend resistance level of RM2.20. Key momentum indicator like Stochastic and RSI are also positive, suggesting buying momentum is building up. In tandem with its high trading volume, we believe that follow through buying interest could push the share price towards its next resistance level of RM2.37 (R1).
Source: Kenanga
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
