Sunday, November 1, 2020

Technical Analysis Nov 2020: SCGM (Bursa: 7247)



SCGM BHD 

Observation from Chart:- 

SCGM (7247) forming symmetrical triangle pattern.

Will it retest & rebound @ triangle support level ?

Other indicator:- 
MACD trade @ positive region, uptrend sign. 
Stochastic %K on SELL call itinerary. 

Immediate resistance @ RM3.08 level. 
Subsequent resistance @ RM3.40 level. 

Immediate support @ triangle support level.
Subsequent support @ RM2.63 level. 

Let's watch closely Disclaimer

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