KUALA LUMPUR (July 29): PublicInvest Research said Scicom MSC Bhd’s recent pullback are well-supported.

In a trading ideas stock today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 95 sen be broken, it may continue to lift price higher to subsequent resistance levels of RM1.00 and RM1.08.

“However, failure to hold on to support level of RM0.910 may indicate weakness in the share price and hence, a cut-loss signal,” it said.