Chart 1: WCT's daily chart as at April 14, 2010 (Source: Tradesignum)
Chart 2: WCT's weekly chart as at April 14, 2010 (Source: Tradesignum)
Based on the above technical breakout, WCT could be a good trading BUY.
Wednesday, April 14, 2010
WCT may have a bullish breakout
WCT has just broken above its horizontal resistance at RM2.85. Its next resistance levels are RM3.00 & RM3.30.
Chart 1: WCT's daily chart as at April 14, 2010 (Source: Tradesignum)
Chart 2: WCT's weekly chart as at April 14, 2010 (Source: Tradesignum)
Based on the above technical breakout, WCT could be a good trading BUY.
Chart 1: WCT's daily chart as at April 14, 2010 (Source: Tradesignum)
Chart 2: WCT's weekly chart as at April 14, 2010 (Source: Tradesignum)
Based on the above technical breakout, WCT could be a good trading BUY.
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2 comments:
what do u think about mtd?
Hi Kian,
MTD is making another attempt at RM3.50-60 strong horizontal resistance which dates back to 2000. The recent 'successfully' upside breakout in early March went as far as RM3.70 before dropping back below the breakout level. Will today's attempt be different? If it can surpass the RM3.70 level, it may be the real McCoy. Otherwise, it maybe another bull trap.
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