Thursday, May 10, 2012

Technical Analysis May 2012: PERISAI (0047)


PERISAI PETROLEUM TEKNOLOGI BHD

Observation from Chart:-

9 May 2012, PERISAI break through bolinger band squeeze.

How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

High potential will retest RM1.00 psychology level.
If the bull strong enough, potential break through & go higher.
If retrace down, immediate support @ MA20 / MA50 level.

Let watch closely.

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