Supercomnet Technologies Bhd (0001)

• SCOMNET gained 4.3% or 3.5 sen to close at RM0.835 yesterday.
• SCOMNET broke through its resistance level at RM0.830 yesterday with higher-thanaverage volume traded. The technical outlook remains bullish with the price closing above the key moving averages.
• Should the buying momentum persist, we expect the price to test its immediate resistance levels at RM0.84 (R1) and further to RM0.85 (R2).
• On the flipside, support levels are expected at RM0.75 (S1) and RM0.72 (S2).

Source: Rakuten Research - 18 Apr 2019