KLSE TechWiz
Wzsatu on the verge of break out now
klsetechwiz
Publish date: Wed, 11 May 2016, 11:49 AM
klsetechwiz
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Analyse the KLSE market with a mixed of technical indicators, support and resistance as reference.
Based on today technical chart update, Wzsatu is on the verge of a break out process now that could see further strong uptrend in the counter.
The chart outlined a possible break out from long term down trend line with bullish RSI in sight, signalling a come back.
Significant event to take note in the counter is
- Major shareholder Dato Sri Tengku Uzir Bin Tengku Dato Ubaidillah, had been upping it's stake in Wzsatu in open market. Currently, he is holding close to 24.5% of the company stakes.
- Bauxite mining to see a boom in the future. New player in to the industry such as AWC had garnered much investor appetite.
Be a smart investor. Invest when the stock is sleeping, unleash when it become a dragon. Wzsatu now is still considered cheap based on Tengku Uzir intensive accumulation everyday.
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Comodities prices are picking up and recovering from its bottoming downfalls .
2016-05-11 18:25
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klsetechwiz
Now trend is bauxite and aluminum
2016-05-11 11:55