RHB Retail Research
Trading Stocks - SCGM
SCGM extended its uptrend after moving past the immediate resistance of MYR2.27, and formed a “higher high” structure yesterday. On higher trading volume which indicated strong buying interest, it may move higher towards the next resistance of MYR2.53, then MYR2.66. However, if the support level of MYR2.15 is breached, this expectation would be reversed.
Source: RHB Securities Research - 16 Apr 2021
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