Wing Tai was a property related stock which we brought to your attention just on Tuesday along side with Wheelock during our post. It had a nice run up of about 3.5% today which is very decent.
Whats the reason for that? Could it be the disposal of Winnanmax Investment to Xu Chang Co which was out on Tuesday?
Or could it be rumors of privatisation?? Either way lets look at the chart and play accordingly.
On Tuesday we mentioned to turn your attention to Wing Tai too as rumors could be going around for it to be privatize. The horizontal resistance of 1.945 was then broken on that day which was an entry point. It wasn’t the best closing on Tuesday but on Wednesday it did show some signs of recovery which eventually led to the nice movement today. Our next target might be 2.08.
If you were unsure of how to enter Wing Tai do CONTACT US and we’ll be happy to guide you along.