Sapura
Sapura Energy - Playing the Oil ReboundI don't really care about Sapura going back to above 1 Ringgit, I am very skeptical. Regardless, going to play in this oil rebound.
Only short term, I don't have high expectations on oil and gas.
I am expecting it to fill the gap and go to maybe around 20 cent ish.
SAPURA ENERGY TRADING PLANExpecting a sharp correction of wave 4.
General guide line EW rule of alternation, wave 2 complex, wave 4 simple.
The rule of Alternation
The rule of Alternation There is a general tendency for the pattern of the two corrective swings in a completed 5-wave sequence to alternate between a simple (very often an ABC) correction and one of the more complicated or “complex” Elliott corrections.
SAPNRG - Affirming Breakout TrackLaburlah's Daily Complimentary (22-MAR, Thursday):
SAPNRG
Technical Analysis Breakdown
1. Trend: Fresh breakout, trying to sustain
2. RSI & Stochastic: Bullish
3. MACD: Bullish crossover
4. Resistance: 0.65
5. Buying interest: Growing
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
SAPNRG - Forging Reversal?Laburlah's Daily Complimentary (16-MAR, Friday):
SAPNRG
Technical Analysis Breakdown
1. Trend: Bearish
2. RSI: Bullish reversal
3. Stochastic: Bullish reversal
4. Resistance 1: 0.555
5. Resistance 2: 0.655
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
