Perisai Petroleum Teknologi may experience a further technical rebound after breaching the downtrend line in its latest session. Traders may buy as a bullish bias could be present currently, with a target price of MYR0.525, followed by MYR0.565. The stock coulddrift sideways if it does not react to the bullish development . In this case, further support is anticipated at MYR0.43, where traders can exit upon a breach.
The prospect of Iran returning in full force to the world oil market has been an undercurrent in both public and private meetings this week in Vienna, where OPEC ministers have been holed up for several days. But an Iran freed from sanctions could add to a global oversupply of crude that has weighed on the market.
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....
freeman
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Posted by freeman > 2015-06-02 11:07 | Report Abuse
why suddenly up?