Perdana looks like to form another flag pattern. Depends on the volume of today's transaction and energy index, if today's close with a form of reversal candles and big volume this will create another momentum.
Comment:
Geopolitical tension has surge 3% of the oil price, due to the Iran have been strike by israel. On the technical indicator side, the price already touch EMA20 and seems to rebound from the moving average of 20days.
Comment:
The energy index looks positive today and is approaching its nearest resistance. While these stocks are waiting for a breakout, it seems that the numbers of volume are rising little by little with the current purchase rate of 63% indicating that buying interest is also rising. Still waiting for the breakout price.
Comment:
After a recent drop due to the overbought level on the rsi and stochastic indicator and also investor wait for the interest rate announcement by FOMC. Now today my indicator have shown a reversal candle and break 0.315 price. There are also a big buying interest at price 0.315 2 days ago. Quarter report and AGM meeting will be announced this month.
