Sunday, August 26, 2012

SKPetro EOD 24/8/12


SKPetro - When will it be coming? It has happened a couple of times trying to breach this level of 250, however each time it just couldn't managed to break past and stay above this level.

The same thing happened on last Friday closing as well, it managed to close only at 247 level, with a volume which is low, as usual. 

In my opinion, volume has to come in order for it to spike higher, otherwise nothing much to look at for now. 

Support - 2.45 - 2.40
Resistance - 2.50 - 2.59

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