RHB Retail Research
Trading Stocks - Petronas Chemicals Group
Petronas Chemicals Group may rebound higher after it continued holding above the MYR7.15 support. Given that it formed a positive candle for the third consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR7.50 level, with an exit set below the MYR7.15 threshold. Towards the upside, the immediate resistance is at the MYR8.00 mark. This is followed by the MYR8.40 level.
Source: RHB Securities Research - 23 Dec 2019
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