RHB Retail Research
Trading Stocks - Scientex
Scientex may climb higher after posting a white candle and hitting its highest close in nearly eight months. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A bullish bias may emerge above the MYR8.70 level, with an exit set below the MYR8.09 threshold. To the upside, the immediate resistance is at MYR9.30. This is followed by the MYR9.85 level.
Source: RHB Securities Research - 1 Oct 2018
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