RHB Retail Research says SCGM Berhad attempted to break away from its 1-week minor consolidation phase yesterday.
In a trading note, the research house says towards the upside, a breach of the MYR2.04 resistance can be regarded as an uptrend extension signal.
“The following resistance levels are at MYR2.15, followed by MYR2.25. A stop-loss can be set below MYR1.98,” it says.
