Scicom (MSC) surged past the resistance price of RM1.00 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM1.05, followed by RM1.10. If it dips below RM1.00, it will move sideways and consolidate. The support price is anticipated at RM0.95 whereby traders may exit on a breach to avoid the risk of a further correction.  

Trading Call: Buy on continuation above RM1.00

Target: RM1.05, RM1.10 (time frame: 3-6 weeks)  

Exit: RM0.95

Source: AmInvest Research - 25 Oct 2019