RHB Retail Research
Trading Stocks - Scope Industries
Scope Industries surged higher amid increased trading volume yesterday. The stock broke past the immediate resistance level marked at MYR0.285. Underpinned by strong buying interest, we think the positive momentum may drive the share price towards the next resistance of MYR0.31, followed by MYR0.335. A downside breach of the MYR0.255 support level would nullify this expectation, and lead to a further share price correction.
Source: RHB Securities Research - 23 Dec 2020
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