PCHEM
Big cap company
Supported by institution
Consistent dividend payer
Collect more of share when drop to the rectangle zone
TAYOR
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About PETRONAS CHEMICALS GROUP BHD
Sector
Process Industries
Industry
Chemicals: Specialty
CEO
Mohamed Yusri bin Mohamed Yusof
Website
petronas.com
Headquarters
Kuala Lumpur
Employees
6.288K
Founded
1998
ISIN
MYL5183OO008
PETRONAS Chemicals Group Bhd. operates as an investment holding company. The firm engages in the manufacture, marketing and sale of chemical products. It operates through the following segments: Olefins and Derivatives; Fertilizers and Methanol; and Others. The Olefins and Derivatives segment produces olefin and polymer which are used as basic feedstock to intermediate products including basic performance chemicals. The Fertilizers and Methanol segment consists of methanol, nitrogen, phosphate and compound fertilizers. The company was founded on March 25, 1998 and is headquartered in Kuala Lumpur, Malaysia.
PCHEM - Bullish pennantMYX: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 id
PCHEM - FORMING CUP AND HANDLE PATTERNIMO, CUP AND HANDLE PATTERN WAS FORMED ON H4 PCHEM CHART
BASED ON THIS FORMATION, MY TARGET IS AT 8.90 AND 11.80
STOP LOSS AT 3.80
PCHEM 79 days VCP SetupPCHEM developed VCP in 79 days with 3 contraction below:
C1: 15%
C2: 6%
C3: 5%
Attempt to breakout soon!
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any r
PCHEM - Upside Space RemainsPCHEM
Rst: 8.31
Spp: 7.80
Hammer candle emerged above Fibo Ext 61.8%, positive move and no sign of softening observable from RSI, MACD. Reaching Fibo 100% is possible.
PCHEM might not able to make a reversal upLLLH
Y1<Y2
strong downtrend
BHOG @ 3
assuming X1 = X2
Weak Pattern A at support.
There is no reversal up signal at all.
Unless it goes pass 5.80 (closest W&R line) or break immediate resistance.
TP @ 4.930
PCHEM - Bullish Metrics Strengthened!PCHEM
Rst: 6.63
Spp: MA200
Bullish island reversal formation with new candle pierced through both MA200 strong resistance trendline again with above Fibo Extension 50% as well, further upside possible.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
