AmInvest Research Reports
Stocks on Radar - Scicom (MSC) (0099)
AmInvest
Publish date: Mon, 30 Dec 2019, 09:36 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Scicom (MSC) was testing the RM1.24 level in its latest session. With a rising RSI level, it may trend higher above this point with a target price of RM1.29, followed by RM1.34. Meanwhile, it may continue trending sideways if it fails to cross the RM1.24 mark in the near term. In this case, support is anticipated at RM1.17, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.24
Target: RM1.29, RM1.34 (time frame: 3-6 weeks)
Exit: RM1.17
Source: AmInvest Research - 30 Dec 2019
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