RHB Retail Research
Trading Stocks - SCGM
SCGM is poised to climb upwards further, as it bounced off from the recent pullback on strong volume, as it attempted to reach the immediate resistance of MYR2.77. If it surpasses that level, buying interest may follow through towards the MYR2.90 resistance, followed by the MYR3.09 threshold. If it falls below the MYR2.60 support, the momentum may dissipate.
Source: RHB Securities Research - 15 Nov 2021
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