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SKPetro- just broke to a new high

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SKPetro- just broke to a new high

Post by hlk Fri 13 Dec 2013, 20:06

SKPetro broke above its recent high of RM4.50 today. With this breakout, the stock may continue its uptrend. Previous breakout of the preceding high was in May and the stock rose from the breakout level of RM3.20 to RM4.50. Will the same happen again? We will wait & see.

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.

Author: Alex Lu

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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