WPRTS gained 6.0 sen (1.7%) yesterday after being in consolidation mode since Jan-15 on the back of above-average trading volume. Chart-wise, it broke out of the 20-day SMA, probably on buying speculation of a hike in port tariffs. Key indicators are bullish as the MACD is staging a crossover of the Signal Line while the RSI and Stochastics are slowly trending upwards from oversold levels. We recommend a ‘Trading Buy’ on WSPRTS and expect its share price to push towards RM3.85 (R2) should the uptrend persist, while investors should mark a stop-loss at RM3.42 (S2).

Source: Kenanga