RHB Retail Research
Trading Stocks - SCGM
SCGM may rise higher after posting a long white candle and leaving an upside gap. This close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.50 level, with an exit set below the MYR1.39 threshold. Towards the upside, the immediate resistance is at MYR1.72. This is followed by the MYR1.86 level.
Source: RHB Securities Research - 10 Dec 2019
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