RHB Retail Research
Technical Analysis - Supercomnet Technologies
Supercomnet Technologies may rise higher after recording a higher close vis-a-vis the previous sessions since 17 Oct. This can be viewed as a continuation of the bulls extending the rebound from 11 Oct’s “Hammer” pattern. A bullish bias may appear above the MYR0.66 level, with an exit set below the MYR0.58 threshold. Towards the upside, the near-term resistance is at MYR0.745. This is followed by the MYR0.80 level.
Source: RHB Securities Research - 19 Oct 2018
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