Based on technical consideration, SKPetro could be a trading BUY.
Chart : SKPetro's weekly chart as at Dec 12, 2013 (Source: tradesignum)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, SKPetro.
2 comments:
Hi Alex,
I see E force is showing some potential. May i know what is your price objective and how you derived it (based on horizontal resistance, channel or measure movement? etc...)
Much thanks!
Hi lai,
EForce is at the 2010 high of RM0.55. It broke thru it earlier but fell back. Now it is staying above the RM0.55 level.
The line connecting the previous peaks could be the resistance for the next big surge. If so, the resistance is at RM0.75-0.80.
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