Scope Industries formed a long white candle, indicating that the buying momentum could be strong. As the 21-day SMA line is likely to turn upwards, the positive sentiment should be enhanced. A bullish bias may appear above the MYR0.235 level, with an exit set below the MYR0.205 threshold. Towards the upside, the near-term resistance is at MYR0.26. This is followed by the MYR0.28 level.

Source: RHB Securities Research - 28 Mar 2019