Saturday, April 2, 2011

Technical Analysis Apr 2011: KENCANA (5122)



KENCANA PETROLEUM BERHAD

Observation From Chart:-

After consolidate 2months, KENCANA finally break up bolinger band squeeze with huge volume.

It will retest next resistant which is RM2.88 high soon...

However, if retrace down, may look for RM2.64 & RM2.47 support level.

Let watch closely.

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

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