RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum was testing the MYR0.905 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.96, followed by MYR1.01. The stock may turn sideways if it cannot breach above the MYR0.905 threshold in the coming sessions. Support may be found at MYR0.86, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 24 Jul 2019
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