BARAKAH is trying really hard to break Triangle
Barakah, a PN17 company with a huge advantage in its side to revoke the status. Last of its 2 quarter had recorded a significant profit with oil price is keep climbing up, the benefit is huge for this mid-stream company. Not to mention, it also won a court order for Enquest Petroleum to make payment to its subsidiary company by end of Jan '22.
Looking to its price movement, the price channel looks very strong. It had consolidated and creating a triangle which I anticipate will be a breakout in early Feb'22.
If it manage to breakout, uptrend will intact with R1 will be at 0.110
Disclaimer:
This is NOT a buy / sell call. This material is for learning purposes only. Trade at your own risk.
Looking to its price movement, the price channel looks very strong. It had consolidated and creating a triangle which I anticipate will be a breakout in early Feb'22.
If it manage to breakout, uptrend will intact with R1 will be at 0.110
Disclaimer:
This is NOT a buy / sell call. This material is for learning purposes only. Trade at your own risk.
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