Strategy: MA Crossed
Bias: , After two weeks, SCGM seems digested the effect of coronavirus (COVID-19), and covered the big drop on 31st Jan with . If the 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, 1.77