RHB Retail Research
Trading Stocks - Samchem
Samchem may climb higher after forming a white candle and leaving an upside gap. This candle has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.61 level, with an exit set below the MYR0.59 threshold. Towards the upside, the immediate resistance is at the MYR0.655 mark. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 12 Nov 2019
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