RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum was testing the MYR0.94 level in the latest session. A bullish bias may be present above this point, with a target price of MYR1, followed by MYR1.10. The stock may take a breather if it cannot breach above the MYR0.94 threshold in the coming sessions. Support may be found at MYR0.855, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 26 Aug 2019
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