RHB Retail Research
Trading Stocks - Scope Industries
Scope Industries is attempting a breakout from its sideway trading range. The recent rise in trading volume indicates a possibility of moving above the resistance level of MYR0.245 soon. If this happens, it may test the higher resistance level at MYR0.26 and MYR0.275. Otherwise, it will continue moving sideways. A downside breach of the MYR0.22 support level will see further share price correction.
Source: RHB Securities Research - 29 Sept 2020
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