RHB Retail Research

Trading Stocks - Samchem Holdings

Publish date: Tue, 22 Feb 2022, 10:06 AM
0 9,020
RHB Retail Research

Samchem Holdings is poised to climb higher, as it is heading to break through the immediate resistance of MYR0.995, but retraced during the intraday session yesterday. If the bulls re emerge and push past that level, the positive momentum should propel the stock towards the all-time high level of MYR1.07, before possibly printing a new high of MYR1.10. Conversely, falling below the MYR0.91 support will trigger selling pressure and reverse the momentum, and the stock could drop below the 21-day average line.

Source: RHB Securities Research - 22 Feb 2022

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