RHB Retail Research

Trading Stocks - Chemical Co Of Malaysia

rhboskres
Publish date: Wed, 07 Oct 2020, 04:36 PM
rhboskres
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RHB Retail Research

Chemical Co of Malaysia’s breakaway from the MYR1.27 resistance on improved volume likely marked an end of its consolidation phase around the 21-day SMA line. A positive bias may appear above MYR1.27, with subsequent resistance points set at MYR1.45 and MYR1.50. A downside breach of MYR1.27 would nullify this positive expectation.

Source: RHB Securities Research - 7 Oct 2020

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