NazrinAzmir

SCIB stock time to shine

Largo
MYX:SCIB   SARAWAK CONSOLIDATED IND BHD
SCIB (Sarawak Consolidated Industries Berhad)
Sector: Industrial Products & Services
Market: Main


On 8 May 2023, the price manage to breakout the 200-Days MA. This indicate the stock moving toward a positive long term uptrend. Supported with huge volume 93M.

Currently the volume still highest, we assume next week(19-23 May) will occur some pullback or profit taking. The Mansfield RSI show that the price is trading at positive area (above 0) indicate that a buying interest already on mood. We optimist based on the Fibo the price will continue rising area 0.715 - 0.810.
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