Scicom (MSC) may soon test the RM0.91 resistance level. With an RSI level above 50%, a bullish bias may be present above this mark with a target price of RM0.97 and RM1.03. Meanwhile, it may continue moving sideways if it fails to cross the RM0.91 level in the near term. In this case, the immediate support is anticipated at RM0.84, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.91

Target: RM0.97, RM1.03 (time frame: 3-6 weeks)

Exit: RM0.84

Source: AmInvest Research - 15 Aug 2019