SCGM

Sector: Industrial Products/ Packaging

Analyzed on 2 Jan 2022

After 10 months of uptrend, SCGM has reached a peak of RM2.80 in November 2021. Shortly after, SCGM has corrected to its EMA25/50 level and formed a lower high in December. The uptrend has also broken after its EMA25/500 formed a Dead Cross, and its share price dropped below both crucial EMA supports. We have identified its previous low level, around RM2.35 to be its immediate support level. Should it rebound at support, we anticipate it to challenge its swing high resistance at RM2.64. Swing traders could take the opportunity to have a technical rebound swing trade.

--------------------------------------------------------
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.