Supercomnet Technologies may soon move higher to test the RM0.54 resistance level. Notice that the momentum indicator RSI is pointing higher. Coupled with high trading volume, this indicates that there is a possibility it will experience a technical rebound towards the shortterm target prices of RM0.58 and RM0.64. The downside support is anticipated at RM0.48, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.54

Target: RM0.58, RM0.64 (time frame: 3-6 weeks)

Exit: RM0.48

Source: AmInvest Research - 6 Apr 2020