Observation from Chart:-
SCGM (7247) consolidate between RM3.26 & RM2.73 range.
Will it rebound @ MA20 support level? Or retest MA50 support level ?
Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K on SELL call itinerary.
Immediate resistance @ RM3.26 level.
Subsequent resistance @ RM3.94 level.
Immediate support @ MA20 level, around RM3.00
Subsequent support @ RM2.73 level.
3rd support @ MA50 level, around RM2.35
Let's watch closely.
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