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SAMCHEM – Upward Bias

Tags: samchem august

SAMCHEM (Stock Code: 5147). Despite the broader weakness in the market, SAMCHEM’s share price surged 8.0 sen (6.2%) to finish at RM1.37. Chart-wise, the trend is positive with the share price above all 3 key SMAs. It began its uptrend in August, and had risen from RM0.80 (August) to as high as RM1.51 (October) before encountering a healthy pullback. Nevertheless, renewed buying interest



This post first appeared on Bursa Malaysia Stock Market Analysis Digest, please read the originial post: here

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SAMCHEM – Upward Bias

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