RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum may rebound further after it tested the MYR1.13 support lately. This candle has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR1.20 level, with an exit set below the MYR1.13 threshold. Towards the upside, the immediate resistance is at the MYR1.37 mark. This is followed by the MYR1.47 level.
Source: RHB Securities Research - 21 Feb 2020
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