RHB Retail Research

Trading Stocks - Carimin Petroleum

rhboskres
Publish date: Tue, 31 Dec 2019, 11:27 AM
rhboskres
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RHB Retail Research

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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