Sunday, June 7, 2015

Technical Analysis June 2015: PERDANA (7108)

PERDANA PETROLEUM BERHAD (7108)

Observation from Chart:

PERDANA (7108) forming bolinger band squeeze.

When will it breakout the band?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM1.54 level.
Subsequent resistance @ RM1.64 level.

Immediate support @ MA20 level.
Subsequent support @ MA50 level.

If able break up the squeeze, it's good opportunity.

Let's watch closely.

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