Warrant of SCOMNET trying to reach new peak of all time high
With one day trading volume higher compared to previous week average daily trading volume showing improved interest by traders to the warrant. This is strongly correlated with similar increased interest to the mother-stock.
Ideally, next-day trading should exhibit retracement of the interest and price of the stock, once hit RM0.530, we should carefully monitor the price movement and traders' interest.
If interest towards buying in, then we can buy at price of RM0.530 / RM0.535.
Target price will be RM0.630 and RM0.675 respectively.
Support will be RM0.430.
Happy trading.
Ideally, next-day trading should exhibit retracement of the interest and price of the stock, once hit RM0.530, we should carefully monitor the price movement and traders' interest.
If interest towards buying in, then we can buy at price of RM0.530 / RM0.535.
Target price will be RM0.630 and RM0.675 respectively.
Support will be RM0.430.
Happy trading.