Saturday 11 June 2011

Stock Watch: O&G

Oil & Gas party again? SAPCRES already fly. KENCANA has shown sign. DIALOG is ready?

Kencana is approaching its previous high again with strong volume, can it break its resistance this time?

    Kencana: form an ascending triangle

Dialog is still on a beautiful uptrend, currently lingering aroung RM2.80. If market sentiment is good, might be able to break its previous high of RM2.83 easily. Watch out for its warrant: Dialog CC.

    Dialog: hesitating

However, yesterday's US market close down and this doesn't help...

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