Supercomnet Technologies surged and touched the RM1.65 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.75, followed by RM1.83. The downside support is marked at RM1.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.65

Target: RM1.75, RM1.83 (time frame: 2-4 weeks)

Exit: RM1.50
 

Source: AmInvest Research - 13 Sept 2021