Rakuten Trade Research Reports
Technical View - SCGM Bhd
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Publish date: Thu, 20 May 2021, 11:17 AM
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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
SCGM Bhd (SCGM, 7247)
• SCGM advanced 7.1% or 15 sen to RM2.25 yesterday.
• SCGM tested its support level at RM2.12 yesterday, ended with a positive candle forming a breakout from the downward trend line. Couple with hammer formation recently, we expect a potential reversal to take place possibly moving to higher level.
• Resistance levels are projected at RM2.38 (R1) and further to RM2.50 (R2).
• For downside support, support levels are at RM2.12 (S1) and next at RM2.06 (S2).
Source: Rakuten Research - 20 May 2021
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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....
