SCOMNET moving up above 50 days moving average, mid term looks strong. The recent strong rebound suggest that the BIG PLAYER is in control, they take the opportunity to push when market is good. However at the other side of the wall, the RETAIL should be missing out of this trade because the price move up too fast..well, no hurry, we are looking for the stock of the year, if it is good we will pick it up on next pivot point.. put in watchlist first..
let me know what you think in the comment below...
Some company background...
Supercomnet Technologies Bhd is principally involved in the manufacturing of Polyvinyl chloride (PVC) compound and cables and wires for electronic devices and data control switches. The firm’s product portfolio comprises automobile plug-in cables, copper and jumper wires, cords and cord sets, LAN cable assemblies, and a full range of computer data cables. The company’s operations are located in Malaysia.
@SCOMNET
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Created by ARTofTrading | Jan 10, 2019