Petronas Chemicals Group may rebound higher after it continued holding above the MYR8.23 support. The stock has formed a long white candle and leaving an upside gap, this indicates a positive sign. A bullish bias may appear above the MYR8.65 level, with an exit set below the MYR8.23 threshold. Towards the upside, the near-term resistance is at MYR9.40. This is followed by the MYR9.78 level.

Source: RHB Securities Research - 20 Feb 2019