RHB Retail Research
Technical analysis - Supercomnet Technologies
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Supercomnet Technologies formed a long white candle, indicating that buying momentum could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.50 level, with an exit set below the MYR0.45 threshold. To the upside, the near-term resistance is at MYR0.58. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 13 Aug 2018
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