Sunday, September 25, 2011

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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