RHB Retail Research
Technical Analysis - Scicom (MSC)
Scicom (MSC)
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Scicom may move higher after it continued holding above the MYR1.85 support. As the stock climbed above the 21-day SMA line, this has enhanced the upward momentum. A bullish bias may appear above the MYR1.96 level, with an exit set below the MYR1.85 threshold. Towards the upside, the nearterm resistance is at MYR2.08. This is followed by the MYR2.16 level.
Source: RHB Securities Research - 26 Jun 2018
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