Thursday, June 2, 2011

Technical Analysis June 2011: SAPCRES (8575)



SAPURACREST PETROLEUM BERHAD

Observation from Chart:-


On 1 June 2011, SAPCRES have been retest RM3.95 high.

Will it retrace down or break up RM3.95 resistant?

If able break up RM3.95 resistant with huge volume, it might be a good entry opportunity.

However, if retrace down, RM3.75 is current strong support level (MA50 support level).

Next level of support, RM3.63 (MA50 support level)

Let watch closely for entry opportunity.


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

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