RHB Retail Research
Trading Stocks - Sarawak Consolidated Industries
Sarawak Consolidated Industries is poised to resume its upward movement after pushing past the immediate resistance of MYR1.77. Trading volume rose, indicating that buying interest is gaining traction. If it bounces off MYR1.77, the bulls may eye the next resistance of MYR1.87, followed by MYR2.00. On the other hand, if the support level of MYR1.68 is breached, this trading set-up would be nullified.
Source: RHB Securities Research - 14 Apr 2021
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