Based on today technical chart update, Wzsatu is on the verge of a break out process now that could see further strong uptrend in the counter.
The chart outlined a possible break out from long term down trend line with bullish RSI in sight, signalling a come back.
Significant event to take note in the counter is
- Major shareholder Dato Sri Tengku Uzir Bin Tengku Dato Ubaidillah, had
been upping it's stake in Wzsatu in open market. Currently, he is
holding close to 24.5% of the company stakes.
- Bauxite mining to see a boom in the future. New player in to the industry such as AWC had garnered much investor appetite.
Be a smart investor. Invest when the stock is sleeping, unleash when it
become a dragon. Wzsatu now is still considered cheap based on Tengku
Uzir intensive accumulation everyday.
WZSATU (7245) - Wzsatu on the verge of break out now
http://klsetechwiz.blogspot.my/2016/05/wzsatu-on-verge-of-break-out-now.html
