Daily Trading Stocks: Petronas Chemicals Group Berhad

PCHEM has to close above RM6.65 or risk falling further. Weakness is confirmed on another close below RM6.55 and a position can be liquidated if it happens. Support is expected  at the  recent low of RM6.40 but a violation of that could see  the stock at RM6.05, with support also expected at RM6.20. However, a close above RM6.65 should see the continuation of  a  rebound  though there is  strong resistance at RM7.00.

Source: OSK