SapuraKencana Petroleum Berhad (5218)
Observation from Chart:
SKPETRO forming higher high & higher low.
Will it retest RM4.50 resistance level ?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.
If able break through RM4.34, it might be good opportunity.
Once breakthrough RM4.34, it's full fill higher high & higher low, uptrend will continue.
Immediate support @ MA20 level.
Subsequent support @ MA50 / MA100 level.
Let's watch closely.
Sunday, November 3, 2013
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