SapuraKencana Petroleum Berhad (5218)
Observation from Chart:
SKPETRO forming another new higher high.
Will it breakout RM5.00 psychology level ?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already reach overbought stage.
It might need consolidation before able go up future.
Do need to watch out higher high & higher low for the continue uptrend.
Immediate support @ MA20 level.
Subsequent support @ MA50 / MA100 level.
Let's watch closely.
Monday, December 16, 2013
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