RHB Retail Research
Technical Analysis - Luxchem Corporation
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Luxchem Corporation may rebound higher after it continued holding above the MYR0.60 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.625 level, with an exit set below the MYR0.60 threshold. Towards the upside, the nearterm resistance is at MYR0.675. This is followed by the MYR0.715 level.
Source: RHB Securities Research - 18 Jul 2018
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