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ringgitlab
Aug 11, 2022 3:31 AM

PCHEM - Bullish pennant Long

PETRONAS CHEMICALS GROUP BHDMYX

Description

MYX:PCHEM is forming bullish pennant .
Could PCHEM price continues going up after 2-months of retracement?

Potential entry:
Upon pennant breakout at RM8.78
(Best scenario when the body of the candlestick closes above RM8.78)

Resistance:
RM9.13 / RM9.26

Support:
RM8.48

Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.

Trade closed: stop reached

Hit stop loss at support RM 8.48.
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