Oil & Gas- check out the laggards

Some of the established Oil & Gas stocks have done very well in the current rally. Most of them have risen quite substantially & have even broken above their medium-term downtrend line. This includes the following stocks (& their breakout level):

1. Dialog (RM0.88-90)
2. EPIC (RM1.15-20)
3. Kencana (RM1.30-35)
4. Sapcres (RM0.88-90)


Chart 1: EPIC's weekly chart as at 10/4/2009 (Source: Quickcharts)


Chart 2: Dialog's weekly chart as at 10/4/2009 (Source: Quickcharts)


Chart 3: Sapcres's weekly chart as at 10/4/2009 (Source: Quickcharts)


Chart 4: Kencana's weekly chart as at 10/4/2009 (Source: Quickcharts)

For the above stocks, you may wait & buy on a pullback. You can also take a look at some of the newer players in Oil & Gas, which seems to lag behind the more established players in the current price run-up. They are listed in the table below.





Chart 5: Dayang's weekly chart as at 10/4/2009 (Source: Quickcharts)


Chart 6: Deleum's weekly chart as at 10/4/2009 (Source: Quickcharts)


Chart 7: Pantech's weekly chart as at 10/4/2009 (Source: Quickcharts)


Chart 8: Penergy's weekly chart as at 10/4/2009 (Source: Quickcharts)