RHB Retail Research
Trading Stocks - Chemical Company of Malaysia
Chemical Company of Malaysia may rise higher after it breached above the MYR0.74 threshold. As the stock rose above the 21-day SMA line, this indicates a positive sign. An upbeat bias may emerge above the MYR0.74 level, with an exit set below the MYR0.635 mark. Towards the upside, the immediate resistance is at the MYR0.93 level, followed by the MYR1.07 threshold.
Source: RHB Securities Research - 6 Apr 2020
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