Sunday, December 22, 2013

Technical Analysis Dec 2013: PERISAI (0047)

PERISAI PETROLEUM TEKNOLOGI BHD

Observation from Chart:-

PERISAI forming higher high & higher low.

How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

If able breakout upper line resistance, momentum of another wave bull run is kick off.
Else, it might be consolidate side way or very limited bull energy.

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

Let's watch closely.

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