RHB Retail Research
Trading Stocks - Chemical Company of Malaysia
Chemical Company of Malaysia was testing the MYR0.885 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR1.00, followed by MYR1.08. The stock may consolidate further if it cannot breach above the MYR0.885 mark in the near term. Support may be found at MYR0.795, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 17 Apr 2020
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