Tuesday, April 11, 2017

Technical Analysis Apr 2017: WTK (4243)



WTK HOLDINGS BERHAD 

Observation from Chart:-

WTK (4243) forming descending triangle pattern.

Will it rebound @ support level ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger SELL call, pending confirmation.

Immediate resistance @ RM1.02 level.
Subsequent resistance @ RM1.05 level.

Immediate support @ RM0.985 level.
Subsequent support @ RM0.955 level.

Let's watch closely.

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