KrisEnergy

On 12th September 2018, we had witnessed the nice breaking out movement of 9.7 cents and close well at 10.8 cents. It has broken out of the consolidated zone of 8.6 cents to 9.7 cents, this is rather bullish!

We would like to take advantage of this white thrust bar /beautiful white soldier presented on the chart to ride on this bullish momentum to re-visit 11.1 cents then 11.8 cents with extension to 12 cents and above.


Do take note that this an ultra penny counter. It would be good to take extra cautious when dealing with this kind of counter.

Not a call to buy or sell.

Please do your own due diligence.



KrisEnergy Ltd., an independent upstream company, focuses on the exploration, development, and production of oil and gas in Southeast Asia. The company holds working interests in four producing oil and/or gas fields, including three oil and/or gas fields in the Gulf of Thailand and one oil and/or gas field in onshore Bangladesh. It also participates in 13 blocks in various stages of development, appraisal, and exploration in Bangladesh, Cambodia, Indonesia, Thailand, and Vietnam. In addition, the company is involved in the charter and sub-charter of mobile offshore production unit; and provision of management support services. The company was formerly known as KrisEnergy Holdings II Ltd. and changed its name to KrisEnergy Ltd. in July 2012. KrisEnergy Ltd. was founded in 2009 and is based in Singapore.