Petronas Chemicals Group may rebound higher after it continued holding above the MYR9.08 support. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR9.30 level, with an exit set below the MYR9.08 threshold. To the upside, the near-term resistance is at MYR9.64. This is followed by the MYR10.04 level.

Source: RHB Securities Research - 16 Oct 2018