RHB Retail Research
Trading Stocks - Samchem
Samchem surged above the MYR0.89 immediate resistance on the back of high trading volume. As long as the stock continues to trade above the threshold, it may scale higher towards the next resistance pegged at MYR0.93, followed by MYR0.965. On the other hand, falling below the MYR0.855 support level would mark the start of the correction phase.
Source: RHB Securities Research - 5 Jan 2022
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