Wednesday, November 29, 2017

Technical Analysis Nov 2017: SAPNRG (5218)


SAPURA ENERGY BERHAD 

Observation from Chart:

SAPNRG (5218) forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K pending trigger BUY call.

Immediate support @ RM1.28 level.
If break this level, another lower low is formed.

Immediate resistance @ RM1.38 level.
Subsequent resistance @ RM1.43 level.

CHANGE OF STOCK SHORT NAME: "SENERGY" TO "SAPNRG"
SAPNRG traded and quoted under the new stock short name with effect from 9.00 a.m., Friday, 24 November 2017. However, the Stock Number remains unchanged.
Source: http://www.bursamalaysia.com/

Let's watch closely for technical rebound.

1 comment:

  1. Sapura Energy’s operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment.

    Revenue is of RM 9,943 million, Equity is of RM 11,986 million.

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