RHB Retail Research

Technical Analysis - Petronas Chemicals Group

rhboskres
Publish date: Fri, 03 Aug 2018, 06:20 PM
rhboskres
0 9,021
RHB Retail Research

Petronas Chemicals Group’s upside move may persist after it continued holding above the rising 21-day SMA line. As the stock has recorded a new 52-week high lately, the positive sentiment has been enhanced. A bullish bias may appear above the MYR8.90 level, with an exit set below the MYR8.60 threshold. Towards the upside, the near-term resistance is at MYR9.50. This is followed by the MYR10.00 level.

Source: RHB Securities Research - 3 Aug 2018

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