Supercomnet Technologies may trend higher after forming a long white candle and hitting its new 52-week high. Yesterday’s candle can be viewed as a continuation of the bulls extending the upward momentum from 13 Jul’s upside gap. A bullish bias may appear above the MYR0.45 level, with an exit set below the MYR0.405 threshold. Towards the upside, the near-term resistance is at MYR0.50. This is followed by the MYR0.55 level.

Source: RHB Securities Research - 24 Jul 2018