SCIB (Not Rated)

• SCIB rose 19.0 sen (+6.09%) to close at RM3.31 yesterday.
• Chart-wise, the stock continued to trend higher with all the key SMAs sloping upward, suggesting the uptrend still remains intact.
• Coupled with bullish crossover signal from MACD indicator, we believe the stock could move higher.
• Should the buying momentum persist, key resistance levels are seen at RM3.50 (R1) and RM3.72 (R2).
• Conversely, key support levels can be seen at RM3.10 (S1) and RM2.75 (S2).

Source: Kenanga Research - 14 Feb 2020