• Share price closed unchanged at RM0.975 on Thursday.
• SAMCHEM has been trending up from the low of RM0.82 on 8 of March. It is trading on a long-term uptrend and managed to close above all its key moving averages recently.
• Coupled with its recent bullish signal in MACD and upticks in its indicators, its share price is poised to move higher.
• Resistance levels are identified at RM1.02 (R1) and RM1.07 (R2).
• On the flipside, support levels are pegged at RM0.945 (S1) and RM0.920 (S2).
Source: Rakuten Research - 1 Apr 2022
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Created by rakutentrade | Aug 23, 2024