Supercomnet Technologies Bhd (0001)

• SCOMNET gained 6.25% or 4.5 sen to RM0.765 yesterday.
• Following recent pull back of the share price, SCOMNET closed with a white candle yesterday signalling positive movements. Meanwhile key momentum indicator RSI is also showing stronger buying interest ahead, we expect share price rebound momentum to continue.
• From here, resistance levels are expected at RM0.785 (R1) and further to RM0.895 (R2).
• On the contrary, support levels are found at RM0.655 (S1) and RM0.625 (S2).

Source: Rakuten Research - 26 Jul 2019