PChem may end the six-month correction if it can close above the month’s high of RM6.63 today. A position can be initiated if that happens, or otherwise above the June high of RM6.70 with a close below RM6.50 as a stop-loss. The price targets are at the prior highs of RM7.00 and RM7.50. The correction is likely to continue if the stock closes below RM6.50, and supports are at RM6.35 and RM6.15.
Source: OSK
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