WCT: Broke above horizontal resistance

WCT broke above its horizontal resistance at RM1.65-1.67 yesterday. Today, it continues to rise to RM1.74 as at 4.00pm.


Chart 1: WCT's daily chart as at Feb 17, 2015_4.00pm (Source: ShareInvestor.com)

From the monthly chart, we can see that WCT broke below its long-term uptrend line, SS (at RM1.55) in December 2014 before recovering.


Chart 2: WCT's monthly chart as at Feb 17, 2015_4.00pm (Source: ShareInvestor.com)

Based on technical consideration, WCT could be a possible trading BUY.

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, WCT.