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.
![](https://2.bp.blogspot.com/-tI4furNRUh4/VzKpnC-l1fI/AAAAAAAAAEo/xIfEpjHY6WYTMvf4GD9adW6uLxKScuhmQCLcB/s640/Wzsatu-Technical-11May16.png)
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.
![](https://1.bp.blogspot.com/-J3tYWDoRsNc/VzKqeHCy6AI/AAAAAAAAAE0/3hYrZwBc3I4CxHNMMxKpRSiwPAiF4Y65ACLcB/s400/Wzsatu%2BTengku%2BUzir%2Bbuy%2Bback.png)
- 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.
klsetechwiz
Now trend is bauxite and aluminum
2016-05-11 11:55