SCGM is moving sideways below the resistance level RM2.00. With the RSI indicator above the 50% threshold, coupled with sustainable trading volume, there is a possibility it will experience a technical breakout if it trades above the resistance level. If this happens, expect it to travel towards the short-term target prices of RM2.12 followed by RM2.25. In this case, the downside support is marked at RM1.85, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.00

Target: RM2.12, RM2.25 (time frame: 2-4 weeks)

Exit: RM1.85

Source: AmInvest Research - 30 Jun 2020