Texchem Resources broke out from its 3-week rectangle pattern implying that a bullish reversal sign may have occurred. As the
stock also broke out of the 2-month downtrend line derived from August high, it may see additional strength in the coming
sessions. A bullish bias may emerge above the RM3.00 level, with a stop-loss set at RM2.68, below 17 Oct’s low. Towards the
upside, the near-term resistance level is seen at RM3.50, followed by RM3.80.

Entry : RM3.00–3.16
Target : RM3.50, RM3.80
Exit : RM2.68
 

Source: AmInvest Research - 25 Oct 2022