SCGM has closed above the 21-day SMA line and may soon test the RM0.95 mark. With a neutral RSI level, it may cross above this level with a target price of RM1.00, followed by RM1.07. Meanwhile, it may continue sideways if it does not breach the RM0.95 mark. In this case, the support level is anticipated at RM0.87 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.95

Target: RM1.00, RM1.07 (time frame: 3-6 weeks)

Exit: RM0.87

Source: AmInvest Research - 18 Jun 2019