RHB Retail Research
Technical Analysis - Chemical company of Malaysia
Chemical Company of Malaysia may climb higher after it formed a long white candle and breached above the MYR1.80 threshold. 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 MYR1.80 level, with an exit set below the MYR1.63 threshold. Towards the upside, the immediate resistance is at MYR2.00. This is followed by the MYR2.15 level.
Source: RHB Securities Research - 6 Sept 2018
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