SCGM has leapt above the resistance price of RM1.42 in the latest session. With the momentum indicator RSI above 60%, it may continue to ascend towards the near-term target price of RM1.49 followed by RM1.58. It may move sideways if it falls below RM1.42. On the downside, support is anticipated at RM1.31, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.42

Target: RM1.49, RM1.58 (time frame: 3-6 weeks)

Exit: RM1.31

Source: AmInvest Research - 22 Nov 2019