RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum is poised to rise further after it rebounded from the support level recently. This, with trading volume rising amid strong buying interest, may enable the bullish bias to appear, if it moves above the MYR0.735 level. If a breakout happens, the stock may travel towards the next resistance of MYR0.765, then MYR0.80. Meanwhile, if the stock falls below the support level of MYR0.70, this expectation will be void.
Source: RHB Securities Research - 10 May 2021
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