7158 SCOMI
SMA 20 & 50 SUPPORT RESISTANCE
Recent increasing volume in Scomi failed to sustain it's price above the SMA 50
Indicators & Oscillators are good to go for another attempt to break above the SMA 50 which is the immediate Resistance @RM0.51. Support seen at SMA20 @RM0.47
Recommend Trading Buy On Dip with cutloss stops at 45 sen. Target 60 sen for CNY rally
SCOMI 30 DAYS PRICE DATA
Price range zone of between 50 sen & 60 sen last seen in Nov 2009. Most recent price highest RM0.825 mid-June 2009
Note: Scomi-WA is very active and appealing to intraday traders. Most consistent Top 10 player across the board.
HAPPY TRADING
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