Rakuten Trade Research Reports

Technical View - Sapura Energy

rakutentrade
Publish date: Tue, 25 Sep 2018, 06:40 PM
rakutentrade
0 2,152
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

SAPURA ENERGY (SAPNRG,5218) 

  • Sapura Energy close at RM0.43 yesterday. 
  • Yesterday Sapura Energy announced RM815m new contract wins from oil majors coupled with crude 
  • oil price hitting 4 year high, may spur buying interest in the stock.
  • As such, we expect buying momentum to emerge with share price to trend higher to RM0.47 (R1) and 
  • further to RM0.48 (R2).
  • Meanwhile, supports can be found at RM0.42 (S1) and RM0.34 (S2). 

Source: Rakuten Research - 25 Sept 2018

Related Stocks
Discussions
1 person likes this. Showing 1 of 1 comments

Losekaukau

Can trust Kenanga TP 34 sen? Sell low buy high Kenanga style?

2018-09-25 21:54

Post a Comment