SCGM may rebound higher after it continued holding above the MYR1.32 support. The stock has posted a white candle and left an upside gap yesterday – this indicates a positive sign. A positive bias may emerge above the MYR1.40 level, with an exit set below the MYR1.32 threshold. Towards the upside, the immediate resistance is at the MYR1.55 mark. This is followed by the MYR1.68 level.
Source: RHB Securities Research - 22 Nov 2019
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Created by rhboskres | Aug 26, 2024