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PCHEM which has seen its share price dropping 23% year-to-date has recently rebounded from its 52-week low level with positive white candle. RSI has just bounced off from oversold region, suggesting renewed buying interest and hence likely to see the rebound to continue.
Should it break the crucial RM7.00 level, next resistance levels are found at RM7.08 (R1) and further to RM7.30 (R2).
Conversely, support levels are expected at RM6.77 (S1) and RM6.69 (S2).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3637 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....