RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum was testing the MYR1.35 level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.47, followed by MYR1.60. The stock may take a breather if it cannot breach above the MYR1.35 mark in the coming sessions. Support may be found at MYR1.21, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 31 Dec 2019
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