Wednesday 19 September 2012

Daily Trading Stocks - Petronas Chemicals Group Bhd



PChem may decline further following two weak closes. A trader can liquidate  on  another  close  below  RM6.50,  with  supports  expected at  RM6.10  and  RM5.90.  However,  failure  to  close  below  RM6.35 could  lead  to  a  rebound,  but  the  weak  bias  is  only  nullified  by  a close above the RM6.60 resistance level.
Source: OSK

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