RHB Retail Research
Technical Analysis - Luxchem Corporation
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Luxchem Corporation may climb higher after forming another white candle and leaving an upside gap. This close has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.65 level, with an exit set below the MYR0.60 threshold. Towards the upside, the immediate resistance is at MYR0.715. This is followed by the MYR0.775 level.
Source: RHB Securities Research - 24 Jul 2018
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