Possible for sideways breakout. WTK is staging a potential breakout from its sideways channel. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term.
Should immediate resistance level of RM0.495 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.520.
However, failure to hold on to support level of RM0.460 may indicate weakness in the share price and hence, a cut-loss signal.
POWERFUL GAME CHANGERS FOR WTK (4243) WTK HOLDINGS BHD IN PHOTOS (PART ONE: E COMMERCE USING TAPE & COVID 19 USING FLOOR MARKING TAPE, Calvin Tan Research
As calvin sifu said timber is at record price & palmoil at record price surely some optimism will spillover to wtk share price mah!
But this up 1 to 2 sen is chicken feed mah, why up so little leh ??
Timber & palmoil share r suffering from lack of production mah and also huge impairment losses on its assets mah & previous falling share price mah! Thus they are jittery on recovery of palmoil & timber share loh!! They want to see actual profit b4 jump in loh!! That means if u base on profit...as indicator that means the share price will be lagging loh!
Then why promote Wtk leh ?? 1. The owner , directors and insiders already accumulating quietly without fanfare mah! 2. The palmoil & timber production volume of wtk already creeping up loh...this is further support by the record price of its commodities. Just imagine u have higher prices & higher volume....that will be a very important sign of higher big profit coming mah! 3. The share price already corrected over 3 yrs of downtrend previously, when there is a big shakeout of all the weak holders...u can only grow more optimistic as time past by loh! 4. Wtk is sitting on some prime land that invested at a very low cost near major town & city, they are good development mah! 5. With all the liquidity & quantitative easing & low interest rate environment, u can see big inflation will be coming loh...!! Wtk in commodities business plus very big cheap land bank is a very good inflation protector mah!
Based on the above i think wtk is the best pick to make profit & this is concur by sifu calvin findings mah!
I only bought another 1,500 shrs @ the open this morning...Let all the short-term punters & guru-followers & gamblers all CUT LOSS on T + 2, + 3 then see whether I'll add some more =)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Akino qiu shou
1,244 posts
Posted by Akino qiu shou > 2021-04-21 11:41 | Report Abuse
Time to announce the recently proposed 1 cent dividend liao !