SCIB 9237 SARAWAK CONSOLIDATED INDUSTRIES BERHAD – Key Breakout Occurred
Alongside with positive political developments, SCIB (9237) had seen a critical breakout on RM0.150 level, with a strong momentum candle spotted on the 2nd trading day in December.
With a double bottom formation concreted at RM0.135 level, we expect the increase in volume added with breakout to benefit SCIB greatly in the coming trading week.
Immediate resistance level remains at RM0.175, then followed by RM0.195.
This represents a good TRADING BUY opportunity.