Observation from Chart:
SKPETRO (5218).break strong support level, MA200.
How low will it go?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K already reach oversold stage.
It might need consolidation before able rebound.
Do need to watch out lower high & lower low for the another wave of downtrend.
Immediate support @ RM4.00 level.
Subsequent support @ RM3.85 level.
Immediate resistance @ MA200 level.
Subsequent resistance @ MA20 level.
Let's watch closely.
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