KENCANA PETROLEUM BERHAD
Observation from Chart:-
KENCANA (5122) is forming Ascending Triangle Pattern.
It current resistant is around RM2.88 level.
It strong support level should be bottom line of the triangle or MA50 support level.
Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.
If break down the bottom line of the triangle, it might be high risk.
Btw, still can look for MA100 support level, rebound opportunity.
Let watch closely for entry opportunity.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
0 comments:
Post a Comment