RHB Investment Research Reports

Trading Stocks - Scicom

rhbinvest
Publish date: Tue, 06 Feb 2024, 11:21 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Scicom is poised to resume its uptrend movement after bouncing off the immediate support level while attempting to surpass the MYR1.12 immediate resistance level. Pending a breakout above this resistance, the buying pressure may propel the stock towards the recent high of MYR1.17, followed by the next resistance at MYR1.25. On the flip side, a fall below the MYR1.08 support level would negate the bullish setup.

Source: RHB Securities Research - 6 Feb 2024

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