Thursday, July 19, 2012

Technical Analysis July 2012: PERISAI (0047)


PERISAI PETROLEUM TEKNOLOGI BHD

Observation from Chart:-

PERISAI succeed 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's watch closely.

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