The uptrend on Carimin Petroleum may be extended after it rebounded strongly above the 21-day SMA line, while heading towards the MYR0.95 immediate resistance on surging trading volume. If a breakout occurs, the stock should test the next resistance pegged at MYR1, followed by MYR1.12. If it drops below the MYR0.87 support, this would negate the bullish setup.
Source: RHB Securities Research - 26 Jan 2024
Chart | Stock Name | Last | Change | Volume |
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Created by rhbinvest | Dec 20, 2024
Created by rhbinvest | Dec 20, 2024
Created by rhbinvest | Dec 20, 2024