Rakuten Trade Research Reports
Technical View - Petronas Chemicals (PCHEM, 5183)
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Publish date: Mon, 24 Dec 2018, 10:19 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Petronas Chemicals Group Bhd (PCHEM, 5183)
- PCHEM's share price closed at RM9.20 last Friday, representing a decline of 1 sen or 0.11%.
- Recent share price retracement from its peak since early November provides a good entry point. Additionally, we believe PCHEM may potentially stage a rebound driven by year-end window dressing activities.
- Resistance levels can be found at RM9.37 (R1) and further at RM9.66 (R2).
- Meanwhile, the support levels are expected at RM9.08 (S1) and RM8.90 (S2).
Source: Rakuten Research - 24 Dec 2018
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