PETRONAS CHEMICALS GROUP BERHAD
Observation from Chart:-
26 August 2011, PCHEM closed at RM6.02 support level.
What's next support level?
RM6.02 is immediate support & RM6.20 is current resistant level.
Other indicator:-
No reversal candlestick been formed.
MACD at negative region, downtrend itinerary.
Stochastic %K already trigger sell call.
If further retrace down, subsequent support at RM5.75 level.
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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