WCT may rally further if it can close above its three-month high. A purchase can be made above RM2.60, or better above RM3.65, with a close below the recent low of RM2.50 as a stop-loss. The price target is RM2.90, provided that 2011’s high of RM2.78 is violated. The stock may decline if it closes below RM2.50. Strong support is expected at RM2.30.
Source: OSK
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