rmanze

Perdana (Flag pattern breakout)

Long
rmanze Updated   
MYX:PERDANA   PERDANA PETROLEUM BERHAD
Today, will be a confirmation day. If the price can breakout the flag pattern with a strong momentum and with high volume, the price can go further.
Comment:
Price 295 has break and reach new 52 weeks high, forming bullish marubozu candle pattern.
Comment:
Energy index have touch the resistance with a strong momentum. If it make a breakout and cross 52weeks high, possibility for this stock to continue its uptrend are high. There also high buying volume at 3.33pm which break the 0.32 price.
Comment:
The energy index has surpassed the level of 949.1 and is approaching a 52-week high. If this stock price can close the huge gap on March 2020, i believe the strong uptrend will be continue.
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