At the time of writing, Luxchem was testing the MYR0.53 level during its latest session. A bullish bias may be present above this point, with a target price of MYR0.56, followed by MYR0.58. The stock may take a breather if it cannot decisively breach above the MYR0.53 mark in the near term. Support may be found at MYR0.49, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 12 Mar 2020
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Created by rhboskres | Aug 26, 2024