RHB Retail Research
Trading Stocks - Chemical Co. of Malaysia
Chemical Co of Malaysia crossed above both the MYR1.68 resistance and the 30-day SMA line in the latest session. This implies its rebound which started from the low of MYR1.48 is extending. Towards the upside, the resistance levels are expected at MYR1.80, followed by MYR2.00. A stop-loss can be set below MYR1.60.
Source: RHB Securities Research - 1 Oct 2019
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