Random Trading

PetGas - End of 3 years party?

Random Trading
Publish date: Sun, 10 Aug 2014, 01:29 PM
Too dumb to be an expert, too green to called a veteran and certainly not an insider. what's left..... RANDOM!

Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision.
 
Chart : Petgas daily chart as of August 8 2014 (source: ChartNexus)

 

Petgas share price has enjoy 3 years of good run from around RM 9.50 to RM 25 but the good run may have comes to an end on August 8 2014. The share price fall RM 1.12 or 5.05% to close at RM 21.08. The fall not only broke its uptrend support line but also the immediate horizontal support line around RM 21.40. Is time to take profit and Ciao!
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