Supercomnet Technologies Bhd (SCOMNET, 0001)

• Share price closed 3.95% higher at RM1.84 on Friday.

• SCOMNET broke out from its symmetrical triangle with higher volume and closed above all its moving averages.

• Backed by upticks in its RSI indicator, the share price is poised to move higher.

• Resistance levels are identified at RM1.91 (R1) and RM2.08 (R2).

• On the flipside, support levels are pegged at RM1.81 (S1) and RM1.75 (S2).

Source: Rakuten Research - 8 Nov 2021