RHB Retail Research
Trading Stocks - Luxchem Corporation
Luxchem may rebound higher after it continued holding above the MYR0.435 support. Yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. An upbeat bias may emerge above the MYR0.465 level, with an exit set below the MYR0.435 mark. Towards the upside, the immediate resistance is at the MYR0.53 level, followed by the MYR0.575 threshold.
Source: RHB Securities Research - 17 Apr 2020
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