Technical Analysis May 2011: WCT (9679)

WCT BERHAD

Observation from Chart:-


As 20 May 2011, WCT retest around RM3.14 resistant level OR MA100 resistant level.

If able break above this level, it might retest next resistant level which is RM3.23 & RM3.29

However, if retrace down, next support would be RM3.02 & RM2.94 support level.

RM2.94 may define as strong support level, a few round it were rebound from this strong support.

Will it break up RM3.14 level or retest RM2.94 support level?
Let watch closely...


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!