Rakuten Trade Research Reports

Technical View - Samchem Holdings Bhd

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Publish date: Mon, 22 Feb 2021, 06:32 PM
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Samchem Holdings Bhd (5147)

• SAMCHEM dropped 1.4% or 2 sen to RM1.40 yesterday.

• Recent pullback from a high of RM1.47 with lower volume could suggest entry opportunity. Meanwhile, the uptrend remains intact as share price is trading above upward sloping moving average lines.

• From here, resistance levels are identified at RM1.48 (R1) and further to RM1.55 (R2).

• For the downside, support levels are projected at RM1.30 (S1) and RM1.21 (S2).

Source: Rakuten Research - 22 Feb 2021

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