Technical Analysis May 2017: BARAKAH (7251)
BARAKAH OFFSHORE PETROLEUM BHD (7251)
Observation from Chart:-
BARAKAH (7251) forming descending triangle pattern.
Will it breakout resistance?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K pending trigger BUY call.
Immediate support @ RM0.62 level.
Subsequent support @ RM0.605 level.
Immediate resistance @ RM0.645 level.
Subsequent resistance @ RM0.67 level.
Let's watch closely
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