Sunday, March 30, 2014

Technical Analysis Mar 2014: BARAKAH (7251)

BARAKAH OFFSHORE PETROLEUM BHD (7251) 

Observation from Chart:-  

BARAKAH (7251) break RM1.50 strong support level? 
How low will it go?

Other indicator:- 
MACD trade at negative region, downtrend sign. 
Stochastic %K pending trigger BUY call. 

Immediate support @ RM1.42 level.
Subsequent support @ RM1.35 level.

Immediate resistance @ RM1.50 level.
Subsequent resistance @ MA20 level.

Let's watch closely

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