Possible for recovery. WTK is attempting to pick up its prior uptrend following recent pullback. Slightly improved RSI and MACD indicator currently signals reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.420 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.440 and RM0.455.
However, failure to hold on to support level of RM0.385 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 2 Jul 2020
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calvintaneng
Why technical buy only?
MAKE IT LONG TERM BUY AS WTK (4243) HAS VERY GOOD POTENTIAL LONG TERM UPSIDE!!!
2020-07-02 10:27