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Tuesday, November 1, 2011

Random Stock Pick >>> PERDANA PETROLEUM (7108)

For Perdana Petroleum shares, a decisive breakout above 72sen (23.6%FR), matching the upper Bollinger band, could fuel further upside towards 83sen (38.2%FR) and 92sen (50%FR), with RM1.00 (61.8%FR) as stronger resistance ahead of profit‐taking correction. Support is also seen at the 50‐day ma (67sen).

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

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