RHB Retail Research
Trading Stocks - Luxchem Corporation
Luxchem Corporation tried to breach its 6-week high on the back of improved volume. If the stock pushes above the immediate resistance level of MYR0.845 level, a bullish bias may appear. The next resistance level is pegged at MYR0.91, followed by MYR0.96. Meanwhile, if the support level of MYR0.79 is breached, this trading set-up would be invalidated.
Source: RHB Securities Research - 9 Apr 2021
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