Technical Analysis
Ask Ivor. RH Petrogas (+16% in 2 days, Potential Reversal Zone), Sunvic Chemical Holdings
By Stock Market  •  May 21, 2014
Over the past two trading days, our local benchmark index, FTSE STI was trading range bound, building up for momentum (i.e. a volatile move perhaps). This is aligned to what we have witnessed for last week (and STI formed an weekly outside bar).  Till date, the Bulls and the Bears are still caught in the tussle. Yesterday, STI closed at 3265.47.   As mentioned earlier, "While it is not able to hold above 3267.83 (yet), as long as it able to hold the zone of 3233.56 – 3241.46… the bulls have still have its chance to see 3300."

On 19 May 2014, we discussed about this Company called RH Petrogras Limited. The following excerpt pretty much gives a possibility to explain the recent share price rally. [19 May, it open at 0.735. 20 May, it closed at 0.855. Up 16%]. ......
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