Supercomnet Technologies may move higher after it tested MYR0.45 support recently. As the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum. A bullish bias may appear above the MYR0.45 level, with an exit set below the MYR0.45 level. Towards the upside, the near-term resistance is at MYR0.50. This is followed by the MYR0.55 level. P.I.E. Industrial may rebound further after it tested MYR1.43 support in its latest session. Given that the stock has formed a “Bullish Engulfing” pattern on 31 Jul, this indicates a potential rebound. A bullish bias may appear above the MYR1.50 level, with an exit set below the MYR1.43 threshold. Towards the upside, the near-term resistance is at MYR1.68. This is followed by the MYR1.78 level

Source: RHB Securities Research - 1 Aug 2018