Monday, May 25, 2009

WTK Holdings

The technical indicators for WTK holdings are showing further strength.

Price managed to close above its 200 day moving average for the first time since Jun 2008.

MACD made a bullish crossover on Friday and ADX is increasing with +DI above –DI. This shows that investors are bullish on this stock.

RSI is approaching overbought levels. Investors can consider entering into this stock on pullback.

Support level is at RM1.09 and RM 0.955 respectively

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