GoldenTurtle

Short-term view on SCOPE INDUSTRIES BERHAD

Long
GoldenTurtle Updated   
MYX:SCOPE   SCOPE INDUSTRIES BHD
Another penny stock that gaining uptrend momentum.
Scope share price experiencing continuous uptrend since August, starting with quite artificial price manipulation on august and now getting more natural. We expect natural uptrend to continue to few more weeks.
Forming high low, contracting volume with correcting, both of the good signs showing possible set up for strong rally.
Proper shake out done last week and able to close high on Friday.
84,000 lot traded at RM0.325 showing strong collection.
Nevertheless, closing price RM0.335 only traded 25,000 lots and hence we should expect little churning before strong rally.
Watch closely for entry point set up RM0.345/RM0.35

Comment:
Big boy trying to push it up but failed on Wednesday may due to Thursday uncertainty. Nevertheless, we should expect small rally on friday once market sentiment getting better.
Comment:
Pending Break Out from box.
Keep monitor.
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