RHB Retail Research
Trading Stocks - SCGM
SCGM was testing the MYR1.48 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR1.60, followed by MYR1.67. The stock may take a breather if it cannot breach above the MYR1.48 threshold in the coming sessions. Support may be found at MYR1.33, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 27 Apr 2020
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