RHB Retail Research
Trading Stocks - SCGM
SCGM rose higher on renewed buying interest, testing the resistance level at MYR3.34. As the trading volume bumped up, we expect the bullish momentum to scale higher and reach the next resistance level of MYR3.50, followed by MYR3.80. This positive expectation should remain valid, provided the MYR3.04 support does not fail.
Source: RHB Securities Research - 20 Oct 2020
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