WCT BERHAD
Observation from Chart:-
On 30 Sept 2011, WCT retest RM2.12 resistant but unable break up.
Added, selling pressure is quite high.
Most probably it will retrace down retest immediate support.
Other indicator:-
1. MACD trade at negative region, downtrend itinerary.
2. Stochastic %K trigger SELL call but pending confirmation.
Perhaps coming budget 2012, there is any grant project that involve WCT then definitely it will rebound.
If rebound, may look for MA20 & RM2.46 resistant level.
However, if no positive news flow, it might retrace down retest RM1.86 support level.
Let watch closely...
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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