RHB Retail Research
Trading Stocks - Scicom (MSC)
Scicom may rebound further after it tested the MYR1.12 support in its latest session. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A positive bias may emerge above the MYR1.12 level, with an exit set below the MYR1.12 threshold. Towards the upside, the immediate resistance is at the MYR1.23 mark. This is followed by the MYR1.30 level.
Source: RHB Securities Research - 15 Jan 2020
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