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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Scope attempting breakout from sideway trading range, says RHB Retail Research

SCOPE
SCOPE
Original Source From TheEdge Publish at Tue, 29 Sep 2020, 07:46AM

KUALA LUMPUR (Sept 29): RHB Retail Research said Scope Industries Bhd is attempting a breakout from its sideway trading range.

In a trading stocks note today, the research house said the recent rise in trading volume indicates a possibility of moving above the resistance level of 24.5 sen soon.

“If this happens, it may test the higher resistance level at 26 sen and 27.5 sen.

“Otherwise, it will continue moving sideways. A downside breach of the 22 sen support level will see further share price correction,” it said.

Top Participation View More
updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B