A positive candle registered on last Thursday indicating a likely hike in
the near term. WCT began to trend sideways after failing to penetrate a tough
hurdle at RM2.80 in Aug 2009. The stock was constantly capped at the RM2.80
level until in Apr 2010, when it managed to test a high of RM3.12. However, it
turned south in a steep profit-taking dip to RM2.43 in May, before a slow
recovery to stabilise near RM2.80 from Jun to Aug. Of late, its buying
momentum has increased as the stock closed positively at RM2.91 with a
positive candle on last Thursday. This indicates a likely hike in the near term.
WCT Berhad : Trending Positively Above The 10-day and 40-day SMAs... - 13/09/2010
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