Supercomnet

Supercomnet may climb higher after forming a long white candle and leaving an upside gap. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 21 Jun’s “Hammer” pattern. A bullish bias may emerge above the MYR0.405 level, with an exit set below the MYR0.365 threshold. Towards the upside, the immediate resistance is at MYR0.435. This is followed by the MYR0.46 level.

Source: RHB Securities Research - 13 Jul 2018