Supercomnet Technologies is eyeing for an uptrend rebound, as it tested the MYR1.39 immediate resistance yesterday, with strong trading volume. If a breakout happens, forming a “higher high” bullish pattern, the stock may climb higher towards the MYR1.45 resistance, followed by the MYR1.55 next resistance. However, falling below the MYR1.31 support would indicate a trend reversal towards the downside, as it forms a “lower low” bearish pattern.

Source: RHB Securities Research - 2 Aug 2023