KUALA LUMPUR (Sept 20): RHB Retail Research said SCGM Bhd may rebound further after it tested RM1.30 support in recent sessions.

In a trading stocks note today, the research house said yesterday’s long white candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the RM1.40 level, with an exit set below the RM1.30 threshold.

“Towards the upside, the near-term resistance is at RM1.53. This is followed by the RM1.68 level,” it said.