Sector: Chemical

Analysed on 05/12/21

SAMCHEM has retraced more than 20% from its peak after its strong rally from August to October. SAMCHEM is currently trading at RM0.790, with immediate support at RM0.785 and immediate resistance at RM0.835. Note that dead cross has happened for SAMCHEM, which could be the beginning of downtrend. Investors are not encouraged to focus on this counter at the moment as it is looking weak.

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