RHB Retail Research
Trading Stocks - Scope Industries
Scope Industries is staging a breakout from immediate resistance level marked at MYR0.31. With a surging trading volume, we believe the uptrend has resumed and it is ready to extend further. Expect bullish momentum to push the stock towards next resistance level at MYR0.335, followed by MYR0.36. Meanwhile, a downward breach of the MYR0.285 support will negate this expectation.
Source: RHB Securities Research - 29 Dec 2020
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