Tuesday, December 16, 2014

Technical Analysis Dec 2014: SKPETRO (5218)

SapuraKencana Petroleum Berhad (5218) 

Observation from Chart:

SKPETRO (5218) have been retrace down 50.1%.

Will it technical rebound? Or break the RM2.00 support?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage. 

Immediate support @ RM2.00 level.
Immediate resistance @ RM2.40 level.
Subsequent resistance @ MA20 level.

Do monitor crude oil price.

Let's watch closely for rebound opportunity.


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