Monday, September 7, 2015

Technical Analysis Sept 2015: PERISAI (0047)

PERISAI PETROLEUM TEKNOLOGI BHD 

Observation from Chart:-

PERISAI (0047) forming lower high &lower low

Will it breakout the downtrend resistance level?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

If able breakout downtrend resistance, it might nice.
Immediate support @ RM0.29 level.
Subsequent support @ RM0.24 level.

Immediate resistance @ RM0.32 level.
Subsequent resistance @ RM0.35 level.

Let's watch closely.

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