RHB Retail Research says Samchem Holdings Berhad underwent a positive intraday price reversal to stay above the 21-day SMA line.
In a trading note, the research house says this suggests the rebound from the MYR0.78 support mark may be extending.
A positive bias may emerge above MYR0.92, with resistance levels at MYR1.00, followed by MYR1.05.
A stop-loss can be set below MYR0.92.
