DELEUM: Reaching resistance level 1.11

DELEUM is pumping more energy to make it ready to break the resistance 1.11. 

I think the breaking of 1.11 wall is not difficult as the oil price keep going up.

The daily chart dot show the sign of weakness, but the weekly chart show the uptrend dot is still there to building further up.

DELEUM: You will sure like it to hold, now offer 1.12!

Detected going to be explosive oil and gas stock. The power should be more explosive than DAYANG soon or will be equivalent to it.

One thing special to this company is a cash rich company and good dividend policy. Why? Because good time or bad time the company still making profit. Now it already confirmed bottom out and working hard to making a explosive uptrend line.

Making an explosive uptrend line:

Every year making profit.

Dividend payout record:

DELEUM BERHAD, an investment holding company, provides a range of specialized equipment and services to the oil and gas, and general industries. It offers specialized equipment and services, such as sub-sea production development equipment, gas turbine packages, and umbilicals, as well as technical and engineering support services. The company also provides oil filed equipment and services, including wire line and wellhead equipment and related services, offshore drilling rig operations, gas turbine overhaul and maintenance services, supply of gas turbine parts, and other oilfield equipment and technical services, as well as offshore drillings rigs and related services. In addition, it offers oilfield chemicals and other services, which include development and provision of solid deposit removal solutions for enhancement of crude oil production, and specialty chemicals and services. The company was founded in 1976 and is based in Kuala Lumpur, Malaysia.

Oil stocks

国际油价持续高涨（主要因素来自土耳其威胁切断库尔德公投地区的原油输送路线）并逼近每桶60美元提振了油气板块的交易活动，其中包括上周纳入观察名单的DELUEM。然而，我们依然不认为这波油价涨势能维持因上涨原动力非来自供需真正的改变，因此这轮涨风继续以短炒看待，若有操作要谨慎行事。
据报TheEdge道指，潜在获颁国油的维修工作合约的公司有DAYANG、PENERGY、SENERGY、CARIMIN、DELEUM及ICON，因此要操作应朝向这些公司下手。

DELEUM - Time to enter to test the first downtrend process completion