RHB Retail Research
Technical Analysis - Supercomnet Technologies
Supercomnet Technologies’ buying momentum may have returned after it recently rose above the 21-day SMA line. Yesterday’s white candle can be viewed as the bulls extending the rebound from 15 Nov’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR0.70 level, with an exit set below the MYR0.63 threshold. Towards the upside, the immediate resistance is at MYR0.80. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 23 Nov 2018
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