STOCK TRADING : 17) SCGM- top20JewelMalaysiaStocks-top 20 jewels frm a very popular local bank... -technical : let's look at some price action... this is trade 117) frm haidojo trading…SCGM has been in UPTREND since “THE BIG FALL” this mid-March 2020. Actually, it has been up for more 400% since the “Big Fall”…until recently, the price has broken to new structure high and reaches “no man land”… current support : RM3.00-3.45 strong support : RM2.72 resistance : RM? Overall, SCGM is in an upward trendline…so feeling sad for missed this one… WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW " are my main source of motivation to continue posting more valuable contents...TQ** Longby HAIDOJO_trading6
Where SCGM will move in the coming week?Looking at the setup, SCGM may either trade with: 1- Strong momentum to Breakout the Flag Pattern 2- Strong Trend- Break to 32.8% then only continue the trade 3- Condolidation 4- Strong Pull Back break below RM2.75 What will be your take? by mtwwyUpdated 6
SCGM - External Extension Up to -61.8% Exceeding Previous HighOpportunity and Risk Green Arrow (Transparency = 0) = Representing Opportunity Red Arrow (Transparency = 0) = Representing Risk Green Arrow (Transparency = 30%) = Representing Secondary View for Opportunity, or less probable outcomes Red Arrow (Transparency = 30%) = Representing Secondary View for Risk, or less probable outcomes DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously. PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.Longby DrArifMokhtar4
21/4/2020 SCGMDowntrend broken, break last high (1.080) follow by trying to break 1.405 level in next 3 day. trying to break 1.405 level at 31/3/2020 and 21/4/2020. high potentially to test in next few day, if success will try to test 1.505 level. SL will be 1.20 level and aggressive trader can try if tonight US market is good. else can accumulate at (1.350-1.265) level Longby Albert_86
{SWC}--SCGM, Bullish continues?Thank you for your continued support :) Strategy: MA Crossed Bias: Bullish, After two weeks, SCGM seems digested the effect of coronavirus (COVID-19), and covered the big drop on 31st Jan with volume. If the bullish momentum continues, the share price of SCGM should challenge the previous resistance at RM1.66. If the share price of SCGM can sustain above RM1.66, the next potential resistance will be RM1.77 according to previous resistance. SWC believe there will a positive movement in near term. S: 1.52, 1.45 R: 1.66, 1.77Longby ShareWorldConsulting8
SCGM - Bullish Channel BreakoutTrend: Bullish Rst: 1.68 Spp: 1.50 Bullish channel breakout, with RSI rising & MACD bullish crossover. Volume healthy. More upside can be expected.Longby HTB_Club3
SCGM Trading PlanSCGM - Current in uptrend phase (still valid uptrendline) - In a positive sector which is in sector of Industrial Products and Services (Plastic & Packaging) - Just break the previous resistance at 1.420 price. Current price at 1.430 - Next resistance at 1.490by stereobiru88Updated 6
SCGMSCGM's net profit rose 6 folds q-o-q on the back of a 16%-increase in revenue to RM56 million. When compared to same quarter last year, net profit dropped 81% while revenue rose 4%. Revenue increased q-o-q, mainly due to higher sales from local and overseas markets. PBT rose q-o-q in line with higher revenue achieved for the current quarter. PBT dropped y-o-y due to higher resin prices, higher finance costs, higher electricity costs, higher depreciation charges, higher labor cost and foreign exchange losses incurredby KelvinTan884