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Look back to this post:

8th July 2020
and more posts in our telegram channel:

We have kept mentioning packaging sector a lot of times and even analyze a few SCGM chart with support and resistance level. A lot of our telegram subscribers are earning from this SCGM. Now we are giving another analysis below:

SCGM has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 2.48. Unless it retraces and does not break 2.36, up and down between 2.36 - 2.59 for at least a few days, this is a good opportunity to enter and hold till Target Price RM X.XX

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