RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum may rebound further after it tested the MYR1.20 support in recent sessions. The 21-day SMA line will likely turn north – which is a positive sign. A positive bias may emerge above the MYR1.25 level, with an exit set below the MYR1.20 threshold. Towards the upside, the immediate resistance is at the MYR1.37 level, followed by the MYR1.50 threshold.
Source: RHB Securities Research - 24 Oct 2019
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