Rakuten Trade Research Reports

Technical View - WCT Holdings Bhd (WCT, 9679)

rakutentrade
Publish date: Mon, 18 Mar 2019, 10:45 AM
rakutentrade
0 2,119
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

WCT Holdings Bhd (9679) 

  • WCT gained 1 sen or 1.2% to close at RM0.83 last Friday.
  • WCT has been trading with higher-than-average volume recently amid the improving sentiment within the construction sector. From here, we expect the follow-through buying momentum is likely to continue due to better prospect especially on the potential ECRL revival.
  • As such, we expect resistance levels to be found at RM0.910 (R1) and further to RM0.925 (R2).
  • Support levels can be expected at RM0.800 (S1) and RM0.710 (S2).

Source: Rakuten Research - 18 Mar 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment