RHB Retail Research
Trading Stocks - SCGM
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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