SKPETRO (5218) : Technical Analysis Dec 2014: SKPETRO (5218)
Observation from Chart:
SKPETRO (5218) have been retrace down 50.1%.
Will it technical rebound? Or break the RM2.00 support?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage.
Immediate support @ RM2.00 level.
Immediate resistance @ RM2.40 level.
Subsequent resistance @ MA20 level.
Do monitor crude oil price.
Let's watch closely for rebound opportunity.
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