RHB Retail Research
Trading Stocks - Sarawak Consolidated Industries
Sarawak Consolidated Industries jumped with higher trading volume, breakout from the immediate resistance marked at MYR5.90. The latest price action signalled the retracement is over and the stock is ready to extend higher. We expect to see the stock trading higher to test the next hurdle at MYR6.16, followed by MYR6.60. A downside breach of the MYR5.45 support would negate this expectation, and shall see a stock price correction.
Source: RHB Securities Research - 29 Dec 2020
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