RHB Investment Research Reports
Trading Stocks - SCGM
rhbinvest
Publish date: Tue, 24 May 2022, 10:12 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
SCGM is set to rebound northwards after buying pressure was observed as it opened with a positive gap and broke above the MYR2.34 mark, coupled with improved volume. If the momentum sustains, the stock may trend higher towards MYR2.43, then the MYR2.50 threshold. Conversely, the momentum may reverse if it drops below the MYR2.27 support – drawing a “lower low” bearish pattern beneath the 21-day average line.
Source: RHB Securities Research - 24 May 2022
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