RHB Retail Research
Technical Analysis - SCGM
SCGM may rebound further after it tested MYR1.30 support in recent sessions. Yesterday’s long white candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.40 level, with an exit set below the MYR1.30 threshold. Towards the upside, the near-term resistance is at MYR1.53. This is followed by the MYR1.68 level.
Source: RHB Securities Research - 20 Sept 2018
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