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Eye On Stock: Barakah Offshore Petroleum


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BARAKAH Offshore Petroleum Bhd (code: 7251) looked to have hit bottom at 28.5 on Tuesday, which set the stage for a technical rebound and some price recovery.

A sudden surge in buying interest on Thursday and some follow-through buying on Friday lent confirmation of an uptrend, adding to hopes that the stock can break free of its descending pattern. It, however, has several difficult hurdles to overcome.

   

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