RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum may rebound higher after it continued holding above the MYR1.20 support. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR1.20 level, with an exit set below the MYR1.20 threshold. Towards the upside, the immediate resistance is at MYR1.37. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 31 Oct 2019
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