RHB Investment Research Reports
Trading Stocks - Scicom
rhbinvest
Publish date: Tue, 06 Feb 2024, 11:21 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
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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