SapuraKencana Petroleum Berhad (5218)
Observation from Chart:
SKPETRO (5218) retest RM3.14 support level.
Will it rebound? Or break the support?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
If lower low is confirm, it might form another wave of downtrend.
Immediate support @ RM3.00 level.
Subsequent support @ RM2.95 level.
Immediate resistance @ RM3.35 level.
Subsequent resistance @ RM3.50 level.
Let's watch closely for rebound opportunity.
Wednesday, November 5, 2014
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