AmInvest Research Reports
Stock on Radar - SCGM (7247)
AmInvest
Publish date: Mon, 20 Jan 2020, 08:50 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)
SCGM has been range-bound with the immediate resistance price of RM1.67. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM1.67, and move towards the target prices of RM1.75 and RM1.82. The immediate support is anticipated at RM1.55, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy upon breakout above RM1.67
Target: RM1.75, RM1.82 (time frame: 3-6 weeks) Exit: RM1.55
Source: AmInvest Research - 20 Jan 2020
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