RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum may rise higher after it breached above the MYR1.40 threshold. Last Friday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.40 level, with an exit set below the MYR1.30 threshold. Towards the upside, the immediate resistance is at the MYR1.55 level, followed by the MYR1.60 threshold.
Source: RHB Securities Research - 18 Nov 2019
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