Wednesday, November 8, 2017

Technical Analysis Nov 2017: SENERGY (5218)


SAPURA ENERGY BERHAD

Observation from Chart:

SENERGY (5218) forming descending triangle pattern.

Will it breakout resistance level?

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

Immediate support @ RM1.43 level.
Subsequent support @ RM1.37 level.

Immediate resistance @ RM1.62 level.
Subsequent resistance @ RM1.75 level.

Let's watch closely.

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