RHB Retail Research
Trading Stocks - SCGM
SCGM is set to reclaim the 52-week high following a sharp rebound, while pushing past the resistance level of MYR2.61 – printing a long white bullish candlestick. If it manages to stay above that level, a follow-through of this bullish momentum should propel the stock towards the MYR2.83 resistance or 52- week high, followed by MYR3.09. If it falls below the MYR2.51 support, the momentum may be reversed.
Source: RHB Securities Research - 8 Dec 2021
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