Thursday, July 18, 2013

Technical Analysis July 2013: PERISAI (0047)


PERISAI PETROLEUM TEKNOLOGI BHD

Observation from Chart:-

PERISAI succeed break through strong resistance, RM1.65.

How high will it go?

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

Higher high been confirm, it's opportunity if retest support level.

If retrace down, immediate support @ RM1.65
Subsequent support @ MA20 / MA50 level.

Let's watch closely.

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