Kenanga Research & Investment
Highlights / Stock Picks of the Day - Scicom (MSC) Berhad – Not Rated
Yesterday, SCICOM surged 7.2% or 9.0sen to close at RM1.34. Its share price has undergone a sharp correction since end Nov until a rebound in share price was observed yesterday. Though MACD remains neutral while maintaining negative divergence from the Signal line, buying interest seems to be regaining its ground with both RSI and Stochastic indicators rebounding sharply from their oversold territories. Judging from the technical indicators, this could be more than just a technical rebound and sustained buying pressure could bring its share price to retest the RM1.50 (R1) level fairly soon and possibly RM1.58 (R2) next.
Source: Kenanga
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
