- SAPRNG enters upward parallel trend cum with high transaction volume support since Feb 14, 2019.
- After huge transaction volume appeared on Mar 15, 2019, SPARNG achieved RM 0.375 which is highest in Y2019.
- We noticed transaction volume has been back to lower level (less than 50% of transaction volume on Mar 15, 2019) and shares price entered retrenchment period with immediate support at RM0.340.
- SAPRNG shares transactions volume even drop further to 50.658M on Mar 22, 2019 but shares price was hovered between RM0.340-RM0.350.
- Low volume pullbacks are often a sign of weak longs taking profit, but suggest that the long-term uptrend remains intact.
- SAPRNG shares price will hit upward trend in coming week (Date: Feb 25-29, 2019)
- Based on Fibonacci theory, SAPRNG will enter a volatile period and it might have a great changing of trend in coming week.
- It is trying to challenge EMA120.......Suggest and/or Fail again?
- Resistance R2 @ RM0.455
- Resistance R1 @ RM0.375
- Support, S1 @ RM0.345
- Support, S2 @ RM0.275
- Brent Oil closed @ USD66.97 per barrel on Mar 22, 2019