RHB Investment Research Reports
Trading Stocks - Scope Industries
rhbinvest
Publish date: Mon, 22 Aug 2022, 09:22 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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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
Scope Industries may stage a bullish breakout, as it grazed the immediate resistance of RM0.19 yesterday. As the stock is trading above the 21-day SMA line, a bullish bias has emerged. If the breakout happens, the stock should travel towards the next resistance of MYR0.21, followed by MYR0.23. On the flip side, falling below the MYR0.16 support would indicate that the correction phase has resumed.
Source: RHB Securities Research - 22 Aug 2022
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