PCHEM’s failure to respond positively to the “Dragonfly Doji” by closing above RM6.40 could see it trending lower. Liquidation can be made on another close below RM6.40, with supports expected at the prior lows of RM6.00 and RM5.80. However, a close above RM6.40 could see the stock rebounding, with a close above RM6.70 as confirmation. Resistance lie at RM7.00 and RM7.25 levels.
Source: OSK
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