Petronas Dagangan 26 October 2007

Petronas Dagangan Weekly Chart 26 October 2007

On candlestick weekly chart showing that PETDAG in uptrend mode and at the same time trading on its uptrend line. Anyway, if you see on the volume chart showing that the stock trading on decrease volume lately which I assume that the correction will occurred. Additionally if you see the technical indicator RSI 14-weeks, there is bearish divergence existed and it is around overbought area RSI~70. Wait the pullback if you wanna a play safe game on this counter.

Happy learning and happy trading!