Technical Analysis Sept 2011: SAPCRES (8575)
SAPURACREST PETROLEUM BERHAD
Observation from Chart:-
22 Sept 2011, SAPCRES have been break dwon MA200 support level.
Next trading day, it gap down & closed at RM3.47 level. (-5.2%)
Other indicator:-
No reversal candlestick been formed.
MACD at negative region, it is downtrend itinerary.
Stochastic %K at oversold stage BUT no trigger buy call yet.
High probably will retest RM3.30 support level.
Let watch closely for technical rebound opportunity.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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