The technical chart is very weak, however, I still have confidence this stock will perform in 2014. The reasons are as follows :- 1. Sale in USD. Weakening of Ringgit will improve profit. 2. There is a change of law in Japan, consuming of wood product will increase. 3. Japanese economy is on recovery stage. Demand for timber product is high.
The stock price is at support now. Should hold well. Thank you.
WTK is for long term, please avoid buy on contra. It is not a recommendation to buy, please do not blame me. I am still watching whether 1.27 can stay firm. If not, still cannot buy. Thank you.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
inwest88
5,628 posts
Posted by inwest88 > 2013-12-07 11:12 | Report Abuse
# Morning OoiTB - you mentioned the major resistance for WTK is 0.98 - something amiss here !