Rakuten Trade Research Reports
Technical View - Sarawak Consolidated Industries Bhd
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Publish date: Tue, 13 Apr 2021, 05:18 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Sarawak Consolidated Industries Bhd (SCIB, 9237)
• SCIB closed 3.4% or 6 sen higher to RM1.84 yesterday.
• SCIB formed a positive breakout recently following a period of sideways movement on improving trading volume. With key indicator RSI pointing upwards which implying stronger buying momentum, we expect share price to trend higher.
• Resistance levels are projected at RM1.96 (R1) and further to RM2.05 (R2).
• For downside support, support levels are identified at RM1.68 (S1) and RM1.64 (S2).
Source: Rakuten Research - 13 Apr 2021
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