RHB Investment Research Reports

Trading Stocks - Carimin Petroleum

Publish date: Wed, 17 Apr 2024, 09:52 AM
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Carimin Petroleum is set for an uptrend reversal after staging a bullish breakout above the MYR0.88 resistance yesterday – coupled with strong trading volume. The stock has rebounded above the 21-day SMA line, solidifying its uptrend towards the next resistance at the recent high of MYR0.95, followed by the MYR1 mark. On the flipside, falling below the MYR0.85 support will negate the bullish setup.

Source: RHB Securities Research - 17 Apr 2024

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