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RHB Retail Research

Author: rhboskres   |   Latest post: Wed, 1 Jul 2020, 5:49 PM

 

Trading Stocks - Petronas Chemicals Group

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At the time of writing, Petronas Chemicals Group is holding below the MYR5.60 resistance. If the price breaks out, a bullish bias may be present above this point with a target price of MYR6.08, followed by MYR6.57. The stock may take a breather if it cannot breach above the MYR5.60 mark in the near term. Support may be found at MYR5.05, where traders can exit upon a breach to minimise the downside risk.

Source: RHB Securities Research - 20 May 2020

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Labels: PCHEM

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PCHEM 6.97 +0.03 (0.43%) 146,700 

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