Rakuten Trade Research Reports

Technical View - WCT Holdings Bhd (WCT, 9679)

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Publish date: Mon, 18 Mar 2019, 10:45 AM
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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

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