Rakuten Trade Research Reports
Technical View - Sapura Energy
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Publish date: Tue, 25 Sep 2018, 06:40 PM
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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
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