RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum was testing the MYR0.73 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.82, followed by MYR0.925. The stock may take a breather if it cannot breach above the MYR0.73 threshold in the coming sessions. Support may be found at MYR0.585, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 10 Jun 2019
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