Sector: Industrial Product/ Chemical

Analysed on 14/11/21

After a series of correction, SAMCHEM has shown sign of rebound on Friday with the share price climbed back to EMA25. SAMCHEM is currently trading at RM0.930, with immediate support at RM0.905 and immediate resistance at RM0.960.

SAMCHEM is still on an uptrend with both EMA25 and EMA50 still sloping upwards. We are in opinion that the current risk is low as it is currently trading around EMA25 and the support line. Investor who is interested in SAMCHEM can take the support of RM0.905 as your cut loss point.

Reason to Monitor: Potential of Rebound from EMA25

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