Sunday, July 10, 2016

Technical Analysis July 2016: SCGM (7247)


SCGM BHD 

Observation from Chart:-

SCGM (7247) is forming symmetrical triangle pattern.

When will it breakout?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM3.60 level.
Subsequent resistance @ RM3.65 level.

Immediate support @ RM3.40 level.
Subsequent support @ RM3.25 level.

Referring SCGM Dividend History,
2cent Interim Dividend ex-date on 11 July 2016,.

Source:www.malaysiastock.biz

Let's watch closely.

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