Supercomnet Technologies may rise higher after it breached above the MYR0.70 threshold. 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 MYR0.685 level, with an exit set below the MYR0.58 threshold. Towards the upside, the near-term resistance is at MYR0.80. This is followed by the MYR0.90 level.

Source: RHB Securities Research - 23 Oct 2018