RHB Retail Research
Trading Stocks - Petronas Chemicals
Petronas Chemicals may rebound further after it tested the MYR6.75 support in the recent session. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR7 level, with an exit set below the MYR6.75 threshold. Towards the upside, the immediate resistance is at the MYR7.55 level. This is followed by the MYR7.88 mark.
Source: RHB Securities Research - 12 Sept 2019
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