Quick take: WTK rises 4.5% on technical buy

TheStar Thu, Apr 30, 2020 09:33am - 3 years View Original


KUALA LUMPUR: Shares of WTK HOLDINGS BHD rose over 4.5% in early trade Thursday following a technical buy from PublicInvest Research.

The diversified timber group added 4.55%, or 1.5 sen to 34.5 sen with 2.87 million shares traded.

PublicInvest said WTK is rebounding from a congestion phase following a surge in price and volume in mid-April.

“Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term,” the research house said.

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