"Going forward, the group said its current order book of RM729 million will ensure it is kept busy during the current and next financial year." The Edge
Possible for sideways breakout. WZSATU is staging a potential breakout of its current sideways formation. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.235 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.260.
However, failure to hold on to support level of RM0.205 may indicate weakness in the share price and hence, a cut-loss signal.
ACCUMULATE (TECHNICAL) Since 29 Jun 2020, the stock has built a new base and support right above both the 50 and 200-day EMA lines. Yesterday’s breakout on the back of higher trading volume is set to kick start a new upleg. Given the positive reading in both the RSI and MACD, we expect the stock to challenge the upper resistance in the near term.
Yes bought in today, this company is just waiting a few good news to fly
1. Oil n Gas - Brent oil uptrend, and new Petronas 120mil contract on July 2. Bauxite Mining - Reopening soon, initially was allowed to apply license on March but MCO 3. Construction - Most probably getting ECRL contracts
so u mean it will rise in month from now? what a waste time to wait, in that time, i can make thousands in another counter especially healthcare and techno..waitung almost two weeks but nothing happen
Mike, what does those mean? means that all the worst are in the past YOY is improving for 3 quarters until this MCO came, and the losses is only 10mil although revenue is only 22mil current price is the same as quarter when they loss 58mil hence future is bright for wzsatu
stupid newbies...future is bright? bauxite ban is not uplifted yet and their oil and gas division is so badly managed...sales are dropping and all projects they undertake is lossimg big time
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....
Karlos
1,282 posts
Posted by Karlos > 2020-08-05 09:11 | Report Abuse
Cash flow problem arising from some civil works disputes on a tolled hi way project.