Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Wed, 8 Apr 2020, 9:22 AM


Daily Technical Highlights – (SCIB)

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SCIB (Not Rated)

  • SCIB rose 19.0 sen (+6.09%) to close at RM3.31 yesterday.
  • Chart-wise, the stock continued to trend higher with all the key SMAs sloping upward, suggesting the uptrend still remains intact.
  • Coupled with bullish crossover signal from MACD indicator, we believe the stock could move higher.
  • Should the buying momentum persist, key resistance levels are seen at RM3.50 (R1) and RM3.72 (R2).
  • Conversely, key support levels can be seen at RM3.10 (S1) and RM2.75 (S2).

Source: Kenanga Research - 14 Feb 2020

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Labels: SCIB

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