Technical Analysis Jan 2020: SAPNRG (5218)

SAPURA ENERGY BERHAD 

Observation from Chart:

SAPNRG (5218) forming descending triangle pattern.

Will it breakout strong resistance & go higher ?

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

Immediate resistance @ RM0.275 (descending triangle line)
Subsequent resistance @ RM0.30

Immediate support @ RM0.26 level.
If break this strong support, lower low is confirm, Downtrend may resume.

Let's watch closely for opportunity

Technical Analysis Apr 2018: SAPNRG (5218)

SAPURA ENERGY BERHAD 

Observation from Chart:

SAPNRG (5218) succeed breakout RM0.67 resistance.

Will it retest RM1.00 psychology level ?

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

Immediate support @ RM0.67 level.
Subsequent support @ RM0.40 level.

Immediate resistance @ RM1.00 psychology level.
If able breakout RM1.00, higher high is confirm.

Let's watch closely for opportunity

Technical Analysis Jan 2018: SAPNRG (5218)

SAPURA ENERGY BERHAD 

Observation from Chart:

SAPNRG (5218) forming lower high & lower low.

Will it forming bullish reversal ?

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

Immediate support @ MA20 level.
Subsequent support @ RM0.665 level.
If break this level, another lower low is formed.

Immediate resistance @ RM1.05 level.
Subsequent resistance @ RM1.24 level.

Let's walk closely for opportunity

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.