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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 18 May 2018, 09:55 AM

 

Technical Buy: SCICOM (0099)

Author:   |    Publish date:


  • Target Price: RM1.83, RM1.93
  • Last closing price: RM1.73
  • Potential return: 5.7%, 11.5%
  • Support: RM1.67
  • Stop Loss: RM1.59

Possible for some upside. Recovering from pullback, SCICOM is poised for further upside should immediate resistance level of RM1.76 be genuinely broken. Bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to the subsequent resistance levels of RM1.83 and RM1.93.

However, failure to hold onto support level of RM1.67 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Feb 2018

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Labels: SCICOM

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Chart Stock Name Last Change Volume 
SCICOM 2.02 +0.01 (0.50%) 3,000 

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