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WELLCAL fail due go up to Global Sector Retrace

Written By Unknown on Wednesday, 5 September 2012 | 7:30:00 pm



Today Wellcal went up to 2.45 but unfortunately due to the Global Sector Factor most of the KLSE stock went down . Today it closed at 2.36

MACD - Formed Red after Green. ( Need to wait  for this counter to break above 2.41 to confirm)
Candlestick- Formed black candle after the previous white candle. Need to wait for a Bullish Attack to confirm to go in
 RSI - Broke below 50% ( Bearish)
STO - Bullish crossover


Currently this stock was put on the brake to bull due to Global Sector Factor and we need to wait for it to go above 2.41 to confirm this counter will continue to uptrend or not.

Next Resistance at 2.41/ 2.52/ 2.66
Support at 2.34/ 2.26/ 2.17
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