RHB Retail Research

Trading Stocks - Carimin Petroleum

rhboskres
Publish date: Thu, 03 Oct 2019, 09:34 AM
rhboskres
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RHB Retail Research

Carimin Petroleum may climb higher after forming a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A bullish bias may emerge above the MYR1.08 level, with an exit set below the MYR0.995 threshold. Towards the upside, the immediate resistance is at MYR1.20. This is followed by the MYR1.30 threshold.

Source: RHB Securities Research - 3 Oct 2019

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