Carimin Petroleum may climb higher after posting a white candle and hitting its highest close in nearly two weeks. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A bullish bias may appear above the MYR0.41 level, with an exit set below the MYR0.365 threshold. Towards the upside, the near-term resistance is at MYR0.47. This is followed by the MYR0.50 level.

Source: RHB Securities Research - 3 Jan 2019