RHB Retail Research
Trading Stocks - Chemical Company of Malaysia
Chemical Company of Malaysia was testing the MYR2.06 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.22, followed by MYR2.35. The stock may turn sideways if it cannot breach above the MYR2.06 threshold in the near term. Support may be found at MYR1.88, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 17 Apr 2019
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