Technically, it is not looking good for WTK as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. The recent downward movement in price has brought us to the technically important level of 1.23. Failure to find support at this level may accentuate the bearish move. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
This WTK already done...export theme play fail to achieve its full potential value at RM1.80...Better sell otherwise once panic button press this stock hardly penetrate RM1.23 mark..
kimi21, could you please provide supportive information or documents that cold eye is selling his shares in WTK recently. if no.... then please stop simply say maybe this maybe that....
lcng123..i already mentioned based on latest annual report..cold eye sold and reduced his stake in WTK..please study yourself..if u not believe then just ignore my comment..i have my right to sharing here..TQ
wtk in downtrending mode...obviously most of the traders was out from here..left only those real investor which willing to stay here and wait for next round.....i think it will stagnant around 1-1.3 for next 3 years
as at 2015, oil palm trees matured was 4,600ha (2014: 1,300ha only) out of total 11,800ha planted area. more and more trees will be matured to generate profit at the current of high cpo price.
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....
asriruslan
2,081 posts
Posted by asriruslan > 2016-04-26 12:09 | Report Abuse
Technically, it is not looking good for WTK as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. The recent downward movement in price has brought us to the technically important level of 1.23. Failure to find support at this level may accentuate the bearish move. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.