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Daily Trading Stocks: Petronas Chemicals Group Bhd

kiasutrader
Publish date: Wed, 18 Jul 2012, 09:28 AM
PChem  may  end  the  six-month  correction  if  it  can  close  above  the month's  high  of  RM6.63  today.  A  position  can  be  initiated  if  that happens, or otherwise above  the June high of RM6.70 with a close below RM6.50 as a stop-loss. The price targets are at the prior highs of  RM7.00  and  RM7.50.  The  correction  is  likely  to  continue  if  the stock  closes  below  RM6.50,  and  supports  are  at  RM6.35  and RM6.15.


Source: OSK
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