Simple Analysis of WCT (MYX:WCT) – April 2025
WCT shows a bearish trend in the short to medium term. Technical indicators such as MACD, Stochastic RSI (overbought), and price position below the 50 and 200-day MA indicate potential further correction.
Current price: 0.615 MYR
Strong support: 0.52 MYR
Major resistance: 0.70 MYR
Although some indicators (CCI, Williams %R) give buy signals, selling pressure still dominates. Investors are advised to wait for trend reversal confirmation before entering a buy position.
Conclusion: WCT is still under pressure. Beware of further declines if support is broken, or the potential for a rebound if it can break through resistance with high volume.
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