RHB Retail Research
Trading Stocks - Petronas Chemicals Group
Petronas Chemicals Group may rebound higher after it continued holding above the MYR7.27 support. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR7.48 level, with an exit set below the MYR7.27 threshold. Towards the upside, the immediate resistance is at the MYR7.80 mark. This is followed by the MYR8.13 level.
Source: RHB Securities Research - 8 Jan 2020
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