SCGM may climb higher after forming a long white candle and hitting its highest close in more than a month. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR1.57 level, with an exit set below the MYR1.38 threshold. To the upside, the near-term resistance is at MYR1.76. This is followed by the MYR1.91 level.
Source: RHB Securities Research - 15 Aug 2018
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Created by rhboskres | Aug 26, 2024