SapuraKencana Petroleum Berhad (5218)
Observation from Chart:
SKPETRO succeed break through RM2.93 resistance.
How high will it go?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.
Higher high & higher low been firmed, uptrend will continue.
If retrace down, it might be good opportunity.
Immediate support @ RM2.93 level.
Subsequent support @ MA50 / MA100 level.
Let's watch closely.
Wednesday, December 12, 2012
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