Sunday, December 22, 2013

Technical Analysis Dec 2013: WCT (9679)

WCT BERHAD
Observation from Chart:-

WCT retrace down from RM2.50 high & retest RM2.13 support level.

Will it technical rebound?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K on oversold stage.

If break down RM2.13 support level, potential retest RM2.00 psychology support level.
If rebound, MA20 would be immediate resistance.
MA50 would be subsequent resistance.

Let watch closely...

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