RHB Retail Research
Trading Stocks - Scicom (MSC)
Scicom may rebound higher after it continued holding above the MYR1.15 support. Last Friday’s white candle sent the stock to its 10-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.22 level, with an exit set below the MYR1.15 threshold. Towards the upside, the immediate resistance is at the MYR1.36 mark. This is followed by the MYR1.48 level.
Source: RHB Securities Research - 30 Dec 2019
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