Monday, 3 September 2012

Stock Overview - WCT - 4 Sep 2012

WCT ( 9679 : 2.69 ) : Take profit

Description

Resistance : 2.73
Support : 2.50

RSI of 62
RSI is recovering

STOCHASTIC
It is approaching overbought

Comment
On the buy call of 9/8/2012 at 2.51, we are recommending to take profit at 2.69, as technicals are approaching overbought indicating a limited upside

Trading Strategy
Take profit

Source:Jupiter Securities Research 04 September 2012

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