PETRONAS CHEMICALS GROUP BERHAD
Observation from Chart:-
PCHEM formed dogi candlestick on 26 July.
As today, no rebound BUT further retrace down.
What's next support level?
RM6.85 is current support & RM7.23 is current resistant level.
Other indicator:-
No reversal candlestick been formed.
MACD bearish crossover & moving toward negative region.
RSI & Stochastic %K at oversold stage.
Suspected technical rebound will be in place soon.
Let watch closely for technical rebound.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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