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Sky Petrol and other China energy companies are moving up because of rising crude oil prices which are around US$109 a barrel.
Wonder why is Sky Petrol moving up today ? How long will it move up ?
from the chart, it is obvious to see it forms tripple bottom at 0.29 support point, and from 0.295 run all the way to 0.39, it is considered a good run, and profit taking is expected, it shall continue to run up with the overall market "heading north".
for long term perspective, there is much more rooms to heading north of course.
can elaborate further?.i am novice in market.
it's good 32% run from 0.295 to 0.39..
Sigh..is something wrong with my chart reading..?i mange to scoop profit for both synear and ferochina but can't make it for sky petrol,price keep droping....anyway already cut when it can't break 0.39 tues when it hit 0.37...: (
Manikamaniho,
I agree Personal view is impt., i have no rush to come out as chartwise,price index is healthy..[caveat emptor]
Manikamaniho,
Thanks. But i intend to vest and hold for some time.Believe after much vested in Synear and Ferro, this maybe another turn head. [caveat emptor]
Shapewise, it looks like what you said it is...
But I am neutral on this particular formation, partly because it appears to me as within the main downward channel (ie. at the top of the channel).
From the recent action, it is obvious that some have betted on the basis of your perception.
But do make your own decision on this,
as TA is a matter of personal perception than anything else...
If you want to, then bet, but quickly withdraw if wrong.. .
look like a cup and handle?? any comments??
In the relation to the proposed aquisition of 25% of the equity interest in Song Yuan Tian Xi Harbor Oil Exploration Co. Ltd, shares has been alloted to Sapphire Corp Ltd, the existing issued share capital of the Company has increased from 279,400,000 shares to 294,280,000 shares.
Anyone to comment on this using FA ? Thanks.
Bought at 0.465 this morning as my set-up of stressfree & other indicator signalled BUY.
Price touches the Bollinger's upper band. MACD encouraging. UPSIDE very certain unless DOW gone mad tonight.
Cheers
hope it can go higher, i'm still sitting on my losses... 
Hi, anyone can share view on TA for this Sky Petrol as this two days the stock had been going up by almost 19%
Using the lowest price 28c and the highest price 68c of this cycle with a retracement of 61.8% will give 40c as the support. Using the lowest closing price 29.5c and the highest closing price 64, 61.8% retracement will make 42.5c as the support.. The previous ht before 64c is 40c. Not vested.
Agreed..keep cash until index touch bot
SELL NOW..
As you can see, all the big funds company, and even their director are selling in October whe it is high at 0.60 level , it hit high at 0.68 amazingly from low at 0.28 on Aug 17, almost 250% gain in just 2 months.. ... it will be good to enter at price of 0.30, it will still going down, no hurry to grab now.
look like fall in2 the pit instead of filling the gap
Sky got petrol mah?
