TheEdge was the culprit to push down the price. After the clarification from the management, price is recovering. Strong support at RM0.11 and price seems to move upwards now.
https://hollandreview.com/2019/03/28/barakah-offshore-petroleum-berhad-7251-kl-shares-tilt-south-down-9-52-in-month/ Traders may be relying in part on technical stock analysis. BARAKAH OFFSHORE PETROLEUM BERHAD (7251.KL) currently has a 14-day Commodity Channel Index (CCI) of -122.81.A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 43.35, the 7-day stands at 32.58, and the 3-day is sitting at 10.34
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....
SuperPanda
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Posted by SuperPanda > 2019-03-20 13:06 | Report Abuse
queue buy 0.10