Tuesday, July 17, 2012

Technical Analysis July 2012: SKPETRO (5218)

SapuraKencana Petroleum Berhad (5218)

Observation from Chart:

SKPETRO retest RM2.30 level again.

Will it break through RM2.30 strong resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

High probably, it may break through RM3.55 resistance level & go higher.
MA20 / MA50 would be the immediate support.

Let's watch closely.


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