Scicom (MSC) has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM0.935, with a target price of RM1.03. On the downside, support price is anticipated at RM0.845 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.935
Target: RM1.03 (time frame: 3-6 weeks)
Exit: RM0.845
Source: AmInvest Research - 16 Jul 2019
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Created by AmInvest | Nov 25, 2024