RHB Retail Research
Trading Stocks - Samchem Holdings
Samchem Holdings might move higher if a technical breakout occurs above the consolidation phase of MYR0.815 on improved trading volume. If it remains above that level, the bulls may test the MYR0.905 resistance, followed by MYR0.96 – a recent high. However, falling below the MYR0.77 support may trigger a downtrend – printing a “lower low” level.
Source: RHB Securities Research - 14 Sept 2021
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