SAPNRG (5218) - Technical View - Sapura Energy


SAPURA ENERGY (SAPNRG,5218)

  • Sapura Energy close at RM0.43 yesterday. 
  • Yesterday Sapura Energy announced RM815m new contract wins from oil majors coupled with crude 
  • oil price hitting 4 year high, may spur buying interest in the stock.
  • As such, we expect buying momentum to emerge with share price to trend higher to RM0.47 (R1) and 
  • further to RM0.48 (R2).
  • Meanwhile, supports can be found at RM0.42 (S1) and RM0.34 (S2). 

Source: Rakuten Research - 25 Sept 2018


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