Monday, January 24, 2011

Technical Analysis Jan 2011: KENCANA (5122)

Monday, January 24, 2011 – by Admin 2


KENCANA PETROLEUM BERHAD

Observation from Chart:

Kencana has been retrace down from RM2.88 to RM2.48 (-RM0.40 or -13.9%)

As today, it retest RM2.48 support level BUT no reserval candlestick been formed.

If future retrace down, next support would be RM2.32 & RM2.23 level.

However, if rebound, it might retest RM2.88 resistant.


Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

2 comments:

  1. kenbabyJanuary 26, 2011 at 3:18 PM

    bro scable is coming . very nice job .

    im appreciate ur blog very much .

    hope can spend u a lunch .

    ReplyDelete
  2. AdminJanuary 31, 2011 at 7:44 PM

    I will try my best share more nice stock. Hope my sharing help you earn more $$$. Happy CNY, Kenbaby.

    ReplyDelete

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