PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 11 Dec 2019, 9:46 AM


Technical Buy - SCICOM (0099)

Author:   |    Publish date:

  • Target Price: RM1.09, RM1.15
  • Last closing price: RM1.03
  • Potential return: 5.8%, 11.6%
  • Support: RM0.990
  • Stop Loss: RM0.975

Possible for further upside. SCICOM is attempting to establish a new uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.09 be broken, it may continue to lift price higher to subsequent resistance level of RM1.15.

However, failure to hold on to support level of RM0.990 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Nov 2019

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Labels: SCICOM

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