RHB Retail Research
Technical Analysis - Chemical Company of Malaysia
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Chemical Company of Malaysia may climb higher after posting a white candle and hitting its new 52-week high. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR2.30 level, with an exit set below the MYR2.13 threshold. Towards the upside, the near-term resistance is at MYR2.50. This is followed by the MYR2.60 level.
Source: RHB Securities Research - 14 Jun 2018
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