Saturday, June 9, 2012

Technical Analysis June 2012: WCT (9679)



WCT BERHAD

Observation from Chart:-

8 June 2011, WCT retest RM2.45 resistance level.

Will it break through?

Other indicator:-
MACD moving toward positive region, uptrend itinerary.
Stochastic %K on overbought stage.

If break through, RM2.46 level, potential retest RM2.73 high.
If retrace down, MA20 is immediate support level.

Let watch closely...

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