RHB Retail Research
Trading Stocks - Sapura Energy
Sapura Energy is showing early signs of a rebound, after it tested the MYR0.255 support multiple-times recently; this is also supported by the appearance of multiple “Doji” candlesticks – which indicate a possible end to its retracement. A positive bias may emerge above MYR0.255, while resistance levels are expected at MYR0.295, followed by MYR0.31. A stop-loss can be placed below MYR0.25.
Source: RHB Securities Research - 15 Oct 2019
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