SCGM

Sector: Industrial Products/ Plastic packaging & Medical PPE

Analyzed on 06/09/2021

SCGM recorded improved revenue in Q4’21 results contributed by higher deliveries of food and beverage (F&B) packaging and commencement of sale and distribution of face masks to the domestic and Singapore market under the new Personal Protective Equipment (PPE) product line since May 2020.

Recently we observed higher low was found and EMA25/50 Golden Cross occurred after its share price climbed above both EMA25/50 averages. It is interesting to monitor if SCGM can break its previous resistance range of RM2.50 – RM2.60 to continue the uptrend or will SCGM once again rejected by the resistance range.

--------------------------------------------------------
Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

 TELEGRAM ：https://t.me/nottinvest

 FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.