RHB Retail Research
Technical Analysis - SCGM
SCGM
SCGM may rebound further after it tested MYR1.21 support recently. This close sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.45 level, with an exit set below the MYR1.21 threshold. To the upside, the near term resistance is at MYR1.60. This is followed by the MYR1.76 level.
Source: RHB Securities Research - 7 Aug 2018
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