RHB Retail Research
Trading Stocks - SCGM
SCGM may rebound further after it tested the MYR1.47 support in recent sessions. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.57 level, with an exit set below the MYR1.47 threshold. Towards the upside, the immediate resistance is at the MYR1.75 mark, followed by the MYR1.85 level.
Source: RHB Securities Research - 18 Feb 2020
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