Petronas Chemicals Group may move higher after it continued holding above the MYR6.96 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR7.15 level, with an exit set below the MYR6.96 threshold. Towards the upside, the immediate resistance is at the MYR7.48 mark. This is followed by the MYR7.80 level.
Source: RHB Securities Research - 16 Dec 2019
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PCHEMCreated by rhboskres | Aug 26, 2024