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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 8 Jul 2020, 5:24 PM

 

Technical View - SCGM Bhd (SCGM, 7247)

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SCGM Bhd (7247)

• SCGM ended 1.9% or 3 sen higher to RM1.64 yesterday.

• Share price remain on a bullish uptrend breaking past all resistance levels with strong buying momentum. The upward trendline remains intact as share price is trading above all key moving averages and is likely to chart new highs.

• From here, resistance levels are expected at RM1.70 (R1) and RM1.80 (R2).

• On the downside, support levels are seen at RM1.57 (S1) and RM1.42 (S2).

Source: Rakuten Research - 21 May 2020

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Labels: SCGM

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Chart Stock Name Last Change Volume 
SCGM 2.10 -0.07 (3.23%) 2,122,600 

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