RHB Retail Research
Trading Stocks - Samchem
Samchem jumped on higher trading volume, as it attempted to break out from the sideways consolidation zone. A positive bias may emerge above MYR0.90, with resistance levels pinpointed at MYR0.95 and MYR1.06. Meanwhile, a downside breach of the MYR0.85 support would risk a further share price correction.
Source: RHB Securities Research - 2 Oct 2020
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