June 25, 2014


Stock Type : O&G, PN17

Technical.
1. Resistance - 0.345
2. MACD - Bullish, Spiked
3. RSI - Bullish, Overbought
4. Stochastic - Bullish

Fundamental.
1. Market Cap - 966m
2. DY - nil
3. PE - -89.29

Trend.
Short Term - Sideways
Mid Term - Downtrend
Long Term - Uptrend
Volatility - Medium
Risk - High
Strategy: Resistance broken at 0.29, hence moving towards 2nd resistance, 0.345. Should that break, we might be able to see 0.52. This is a high stock risk, anything can happen. If volume persists, may enter after 0.35. You may want to catch some early worms, but it can be rotten worms. Proceed with caution.

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