WCT acquires Property

WCT is acquiring some company which is possible good news . WCT NEWS


1) Candlestick - Matching Low - Potential rebound
2) RSI, STO - Bearish
3) MACD - 4 red and if tomorrow goes up it will probably at 4R1G signal

Entry price -  Break above 2.66 ( Closing price) , if safer go for 2.71
Stop loss at 2.61
Take Profit at 2.79 and 2.9

WCT retracing and waiting for next oppurtinity

WCT is retracing toward the next support at 2.51.

Entry price -  Break above 2.66 ( Closing price) , if safer go for 2.71
Stop loss at 2.61
Take Profit at 2.79 and 2.9

WCT Formed 4R1G for MACD

Let watch this for another few more days closely.

1) BB squeeze and waiting for breakout
2) Macd - 4R1G ( Bullish) and waiting for bullish candle for the continuation confirmation
3) Sto - Bullish Crossover ( Bullish)
4) RSI - Still hovering above 30 and waiting for confirmation
5) Volume Distribution - Not confirmed as well distributed

Entry Price 2.71
Stop Lose at 2.62
Take Profit at 2.79 and 2.9

WCT

Continue to monitor this counter and the volume it back which means the investor are looking into this counter and something is happen..


Trendline - Still Uptrend and waiting for the Higher low to appear
MACD - Awaiting 4R1G to happen
RSI- Bounce from 30% and heading to 50%. If break above which show a clear bullish attack
Sto- The blue line is touching the red line which could lead a bullish crossover

Volume - There is a high spike of buying up on Thursday and Friday. Something is happening and it could be the insider and banking are starting to collect it before it actually starting booming up bullishly

Entry Price 2.71
Stop Lose at 2.62
Take Profit at 2.79 and 2.9

WCT

Volume starts to rise on WCT and it was going to form 4R1G but at the at 4.50pm  some syndicate threw big lots and sold it at 2.66 to break the signal pattern. This might give the buyer more time to accumulate it tomorrow before it break upwards

Waiting for the MACD 4R1G, Sto and RSI breaking the oversold region.

WCT - Flying up up and away

Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Bullish Crossover ( Bullish
4) RSI - ascending towards 70% ( Bullish)
5) Sto -  80% ( Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick -  white candle bullish above 20d Ma


Conclusion
Could be a potential profit counter


Entry Price 3.16
Resistance at 3.3 & 3.41
Support at 2.95

WCT Forming a hammer - Bullish Reversal

Has WCT stop the downtrend and hit the support line? Many of the project in Middle East have been impacted due to the Middle East Crisis... will this impact WCT to drop further?


Observation
1) Trend line - Downtrend - Bearish
2) HH - Formed Lower Low - Bearish
3) MACD - All reds histogram and red signal above blue signal ( Bearish) and let wait for a rebound with 4R1G signal
4) RSI - Retrace all the way to 31% ( Bearish) and this is the crucial point whether it can rebound with the impact of the Hammer Candlestick
5) Candlestick - Form a nice candlestick today ( Potential Bullish Reversal)
6) ADX - Weak momentum and Bearish

Conclusion
This counter is still downtrend and we might able to get some profit from the rebound..

Counter Trend strategy
Entry Price - 3.16 ( MACD 4R1G and RSI rebound from 30%)
Stop Loss Price - 3.08
Take Profit - 3.31 (R1) and 3.43(R2)

Remember this counter trend is very risky to gain profit from a downtrend counter.

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM

WCT

Profit Taking continues to take place after the Shooting Star was formed on Jan 13. Next Support Line will be around 3.31 which is a good point to accumulate if there is a strong rebound

WCT

Those who buy this counter need to keep a close eye because the chart does not show a very good sign

Next support will be 3.44 and 3.31, once break down 3.44 we will try to accumulate once there is a rebound around 3.31 to catch higher profits