KLSE TechWiz

Wzsatu on the verge of break out now

klsetechwiz
Publish date: Wed, 11 May 2016, 11:49 AM
klsetechwiz
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Analyse the KLSE market with a mixed of technical indicators, support and resistance as reference.
Following Message

Based on today technical chart update, Wzsatu is on the verge of a break out process now that could see further strong uptrend in the counter.

 

 
The chart outlined a possible break out from long term down trend line with bullish RSI in sight, signalling a come back.
 
Significant event to take note in the counter is
 
- Major shareholder Dato Sri Tengku Uzir Bin Tengku Dato Ubaidillah, had been upping it's stake in Wzsatu in open market. Currently, he is holding close to 24.5% of the company stakes.
 

 
- Bauxite mining to see a boom in the future. New player in to the industry such as AWC had garnered much investor appetite.
 
 
Be a smart investor. Invest when the stock is sleeping, unleash when it become a dragon. Wzsatu now is still considered cheap based on Tengku Uzir intensive accumulation everyday.
 
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Discussions
Be the first to like this. Showing 3 of 3 comments

klsetechwiz

Now trend is bauxite and aluminum

2016-05-11 11:55

klsetechwiz

Anything to do with bauxite and aluminum is like a gold nowadays

2016-05-11 11:56

michaelwong

Comodities prices are picking up and recovering from its bottoming downfalls .

2016-05-11 18:25

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