RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum may rise higher after forming a white candle and hitting its new 52-week high. This upward momentum is likely to continue given this is the second consecutive white candle. A positive bias may emerge above the MYR1.33 level, with an exit set below the MYR1.19 threshold. Towards the upside, the immediate resistance is at the MYR1.50 mark. This is followed by the MYR1.60 level.
Source: RHB Securities Research - 8 Nov 2019
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