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PCHEM inched up 0.97% or 7 sen to RM7.31 yesterday.
Following the announcement of its financial results, we believe the sell down has been overdone. With key momentum stochastics indicator showing oversold signals and upward movement on RSI, we expect share price to stage a technical rebound.
As such, resistance levels are identified at RM7.65 (R1) and further to RM7.80 (R2).
On the flipside, support levels are found at RM7.20 (S1) and RM7.10 (S2).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....