Chemical Company Of Malaysia

Chemical Company of Malaysia was testing the MYR1.80 level recently. A bullish bias may be present above this point with a target price of MYR1.94, followed by MYR2.03. The stock may consolidate further if it cannot surpass the MYR1.80 threshold decisively in the coming sessions. Support may be found at MYR1.55, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 20 Aug 2018