WTK has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 1.32 which may support any short-term retracement.
An important but bearish development took place on 14 March 2014 where the price of WTK broke the support level of 1.32. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of WTK was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.
After 9 mths of holding, this share is really useless. OTB recommended this share and ask me to fight it out. Does he know what his chart is showing. Lies lies lies.. OTB always says charts don't lie but he is the lair and a CONMAN
good earnings, low PE, paid constant dividend and high NTA of 2.92 will see this stock thru into unchartered territory ...hope it can emulate Inari or Insas...in coming weeks...
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....
Steven Yong
1,251 posts
Posted by Steven Yong > 2014-02-25 12:29 | Report Abuse
why no plantation in its quarter reports? Is it still not in operation yet>?