RHB Retail Research
Trading Stocks - Samchem Holdings
Samchem underwent a positive intraday price reversal to stay above the 21-day SMA line. This suggests the rebound from the MYR0.78 support mark may be extending. A positive bias may emerge above MYR0.92, with resistance levels at MYR1.00, followed by MYR1.05. A stop-loss can be set below MYR0.92.
Source: RHB Securities Research - 17 Aug 2020
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