RHB Retail Research
Technical Analysis - Chemical Company of Malaysia
Chemical Company of Malaysia may move higher after it tested the MYR1.80 support recently. Yesterday’s candle sent the stock close to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.90 level, with an exit set below the MYR1.80 threshold. To the upside, the near-term resistance is at MYR2.06. This is followed by the MYR2.15 level.
Source: RHB Securities Research - 16 Oct 2018
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