RHB Investment Research Reports
Trading Stocks - Petronas Chemicals Group
rhbinvest
Publish date: Tue, 29 Mar 2022, 09:24 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Petronas Chemicals Group is poised for a technical breakout, as it bounced towards the immediate resistance of MYR9.88 yesterday on strong trading volume. If it manages to surpass this point, bullish momentum may propel the stock towards the MYR10.36 level or historical high, before possibly printing a new high level of MYR11.00. Conversely, a fall below the MYR9.35 support level would trigger selling pressure below the 21-day average line.
Source: RHB Securities Research - 29 Mar 2022
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