WCT showing signs of rebound, and need to clear above the 20 day MA before I enter (ie if closes above 0.53). This stock was part of my virtual stock battle game (based on trading ideas from Maybank IB) and to watch how the stock movement since 15 Sept 2023, do consider to watch this short video. https://youtu.be/Di2ygTvjUYc
@Nadayu, recent QR for WCT in the red. Probably explains the bearish sentiment. Stock looking to be oversold now. Entered a position for a swing trade.
Looking at the technicals, i am anticipating a repeat of trend as the stock is oversold now and at key support price area. Looking for a swing trade but prepared for the worse (ie price break down lower and this is merely a false breakout). Anything is possible, just sharing my thinking behind my recent swing trade entry at 0.47. If you are interested to hear my thoughts behind my trade, do watch my recent video on this https://youtu.be/LydSA8O7DrY
Bank borrowing RM 1.2b less Cash & Bank RM440m, still has balance court case settlement RM475m still outstanding. Even they able to collect back RM475m, still negative cash balance RM300m. Must fire their Quantity Surveyor, cost overrun so much. Maybe hanky panky
WCT Malls Management Sdn Bhd, the property investment and management arm under WCT Holdings Berhad, has recorded a 36% year-on-year surge in revenue, soaring from RM238.6mil in 2022 to RM325.4mil in 2023
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....
TiGongPoPiPopi
424 posts
Posted by TiGongPoPiPopi > 2023-11-09 17:01 |
Post removed.Why?