BARAKAH OFFSHORE PETROLEUM BHD (7251)
Observation from Chart:-
BARAKAH (7251) forming lower low & lower high
Will it form a bullish reversal? Breakout downtrend resistance level?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
Immediate support @ RM0.255 level.
If break RM0.255 level, lower low is confirm. Downtrend will resume.
Immediate resistance @ RM0.285 level.
Subsequent resistance @ RM0.315 level.
Let's watch closely
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