Technical Analysis Feb 2018: BARAKAH (7251)

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

Technical Analysis Oct 2017: BARAKAH (7251)

BARAKAH OFFSHORE PETROLEUM BHD (7251) 

Observation from Chart:-

BARAKAH (7251) break RM0.43 support level.

How low will it go?

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

Immediate support @ RM0.40 level.
Subsequent support @ RM0.35 level.

Immediate resistance @ RM0.43 level.
Subsequent resistance @ RM0.53 level.

Let's watch closely

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

Technical Analysis Mar 2014: BARAKAH (7251)

BARAKAH OFFSHORE PETROLEUM BHD (7251) 

Observation from Chart:-  

BARAKAH (7251) break RM1.50 strong support level? 
How low will it go?

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

Immediate support @ RM1.42 level.
Subsequent support @ RM1.35 level.

Immediate resistance @ RM1.50 level.
Subsequent resistance @ MA20 level.

Let's watch closely

Technical Analysis Feb 2014: BARAKAH (7251)

BARAKAH OFFSHORE PETROLEUM BHD (7251)

Observation from Chart:- 

BARAKAH (7251)  succeed breakout ascending triangle resistance.
How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

It's new high record, no resistance.
If there is good news, potential boost the bullish sentiment to another high record.

If retrace down,
Immediate support @ RM1.78 level.
Subsequent support @ MA20, which is around RM1.73 level.

Let's watch closely