Very strong uptrend momentum spotted- SCGBHDMarket rebounded today since US market recorded a strong rebound.
Market sentiment getting better and Tech stock doing good.
5G related stock experiencing abnormal gain recently.
SCGBHD would be transferred to main market soon and hence portfolio manager could potentially up stake in this counter.
Volume started to spike up this week showing big funds is collecting ticket heavily.
We notice big boys keep buying at RM0.49~0.RM50
Downtrend reversal confirmed today since price breakout from box resistance RM0.485 evidenced by heavy volume.
Proper shake out done from 23/09/2021 until today.
Banker chips increasing also indicating buying force taking upper hand in deciding future trend.
We expect price to break out RM0.50 tomorrow (30/09/2021) and would experience a good uptrend rally for few days.
Entry: RM0.50
TP:RM0.55
Cut loss:RM0.465
*Buy at your own risk*
