Oil prices “will continue to trend higher” as cuts to drilling expenditure worldwide have trimmed supply growth, Gordon Kwan, the Hong Kong-based head of regional oil and gas research at Nomura Holdings Inc., said in an e-mail Thursday.
Perisai is at a level so attractive. It will rebound anytime soon to 72 sen. Suggest to buy and keep. The short term is looking good as this stock has fallen from over $1.70 to now 60 sen.
Evening watch the show. The oil prices world wide are going up all time high and it is worth to invest for longer term. Buy now to keep for longer term. No contra please.
Investors are feeling optimistic enough to jump back into energy stocks.
I am very optimistic on Perisai as this share can really jump to 70 sen within the next few days. Don't be surprise as this share is really oversold. This share should worth at least $1 ++
I hope EPF, khazanah, Mara will come in and buy and push up as Perisai is really a good stock and with the recovery in oil price, big institutions should come in and support.
The Biggest resistance ahead is 0.655 to 0.71.If 0.71 resistance is taken out convincingly, price will move to much higher levels and 0.71 will be the next major support.
Large institutions will buy back and acquire back the shares they sold previously as oil price is stabilizing and going uptrend. Lets watch the show. Brent is $US63.12 now...keeps going uptrend. Future is bright for oil.
Yeah...the resistant at 60 sen is too much!!!! Just too much!!!! So hard to break...sellers kept coming to dump the shares...so I guess will let it go down first.... no need to push already...brent also u-turn to 62.78 people are afraid again...because once bitten twice shy...last time same go up 60.5 sen then come down back to 53 sen.... :(
Just sharing an advise I received.. "put an exit level in mind if its price today touch 0.56, this can safeguard your capital".. but I ady exited earlier.. :)
All reseach house now will skl upgrade thier tp.. rhb now upgrade tp from 51sen to 61sen...let the the most super skl kenanga how to twist thier tp story
WTI oil price had already penetrated upward the down trend line in early march 2015. It challenged the USD 56/bbl Resistance FOUR times without success but last night it just managed to penetrate upward the USD 56/bbl resistance and closed @USD 58/bbl. WTI Crude Oil had hit 2 higher Lows and one Higher High since it bottomed in mid march 2015.
This signify that the downtrend for WTI Crude Oil is over. Key question now is...Will WTI Crude Oil trend sideways with slight upside bias now or start trending upward from now onward with intermittent correction along the way up?
The Oil & Gas stocks had already crashed in BURSA since last year. Last night WTI Crude Oil hit a higher high of USD 58/bbl after FOUR attempts to penetrate the WTI Crude Oil resistance of USD 56/bbl.Prior to this, WTI Crude Oil price had hit TWO HIGHER LOWS since it bottomed.
This signify that downtrend for WTI Crude oil price is over and the worst is also over for Oil & Gas stocks in Malaysia. It is timely now to get on board the Oil & Gas train in BURSA as it is already in process to leave the train station...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
richkid
8,140 posts
Posted by richkid > 2015-04-16 09:55 | Report Abuse
target price 70 sen...either today or tomorrow.