RHB Retail Research
Technical Analysis - Scicom (MSC)
Scicom may rebound higher after forming a "Hammer" pattern in its latest trading session. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may emerge above the MYR1.19 level, with an exit set below the MYR1.19 threshold. Towards the upside, the immediate resistance is at MYR1.40. This is followed by the MYR1.58 level.
Source: RHB Securities Research - 11 Dec 2018
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