RHB Retail Research

Trading Stocks - SCGM

rhboskres
Publish date: Fri, 27 Sep 2019, 04:54 PM
rhboskres
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RHB Retail Research

SCGM crossed above the resistance of MYR1.13 – signalling its momentum is still strong and its upward move that started from August is extending. Its 30-day SMA line, which has started to edge higher, is also pointing towards a positive bias. Towards the upside, the resistance levels are expected at MYR1.30, followed by MYR1.50. A stop-loss can be placed below MYR1.05.

Source: RHB Securities Research - 27 Sept 2019

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