RHB Retail Research: Samchem rebound from support mark may extend

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.

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