We expect further upside for SNS Network Technology after it recouped the previous week’s losses and pushed higher from its RM0.26 low on Monday. With the stock pushing near its all-time high, likely indicates that the bullish momentum may be picking up. A bullish bias may emerge above the RM0.28 level, with a stop-loss set at RM0.25, below 12 Sep’s low. Towards the upside, the near-term resistance level is seen at RM0.32, followed by RM0.34.

Entry : RM0.28–0.29

Target : RM0.32, RM0.34

Exit : RM0.25

Source: AmInvest Research - 14 Sept 2022