Scicom (MSC) Bhd
broke out of a sideways pattern yesterday in a bid to reclaim the recent peak of RM2.
It is currently outpacing the 14- and 21- day simple moving averages (SMA), which bodes well for the continuation of the uptrend.
The technical indicators have turned higher with the slow-stochastic arriving at 58 points and the 14-day relative strength index (RSI) rising to 63 points.
The daily moving average convergence/divergence (MACD) histogram has turned bullish with a sharply positive signal.
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