Rakuten Trade Research Reports
Technical View - Scicom (MSC) Bhd
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Publish date: Wed, 02 Mar 2022, 09:23 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
Scicom (MSC) Bhd (SCICOM, 0099)
• Share price closed 5.0% higher at RM1.26 on Tuesday.
• SCICOM has been forming higher lows since early February and it broke up higher on improved trading volume yesterday. The share price is also currently trading above all its key moving average which are slopping upwards.
• Backed by upticks in its indicators, SCICOM is poised to move higher.
• Resistance levels are identified at RM1.32 (R1) and RM1.37 (R2).
• On the flipside, support levels are pegged at RM1.24 (S1) and RM1.21 (S2).
Source: Rakuten Research - 2 Mar 2022
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