WCT

WCT Weekly Chart 3rd April 2009

Volume traded recently on the WCT increased. RSI-14 weeks just quit from oversold area. Previous resistant already broken and and might goes higher and retest the 2nd resistant. The previous support seen at the RM0.925. WCT may increase in next week? We will see....

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Maybulk at the 61.8% Fibonacci Extension Level

Maybulk Weekly Chart April 2009

Maybulk rebound when touching 123.6% Fibonacci level last year and continue to increase further as well as the volume traded recently. Current support seen at the RM2.53 and resistant at RM3.25. But RSI-14weeks already in overbought area which I think it will be more in selling mode for few weeks after this. If the price can exceed the current resistant, next level will be at RM3.50.

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