Observation from Chart:
SKPETRO (5218) retest strong support RM1.67 level again.
Will it technical rebound? Or break the RM1.67 support?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, pending trigger BUY call.
Immediate support @ RM1.67 level.
Subsequent support @ RM1.37 level.
Immediate resistance @ RM1.84 level.
Subsequent resistance @ RM2.00 level.
Due to crude oil price break USD30 psychology support level, this might be impact SKPETRO performance.
Let's watch closely crude oil price for rebound opportunity.
SKPETRO (5218) - Technical Analysis Jan 2016: SKPETRO (5218)
http://www.stocktalk2u.com/2016/01/technical-analysis-jan-2016-skpetro-5218.html
SKPETRO, SKPETRO (5218), 5218, EN5218, KLSE:SKPETRO, Investing, Stock Talk
