Wednesday, April 26, 2017

Technical Analysis Apr 2017: SENERGY (5218)


SAPURA ENERGY BERHAD

Observation from Chart:

SENERGY (5218) forming ascending triangle pattern.

Will it retest RM2.10 resistance level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.90 level.

Immediate resistance @ RM2.10 level.
Subsequent resistance @ RM2.17 level.

Let's watch closely.

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