Supercomnet Technologies’ upside move may persist after it continued holding above the 21-day SMA line. As the stock is trading above the uptrend line drawn in the chart, this indicates a positive sign. A bullish bias may emerge above the MYR0.80 level, with an exit set below the MYR0.755 threshold. Towards the upside, the immediate resistance is set at MYR0.87. This is followed by the MYR0.92 level.
Source: RHB Securities Research - 18 Apr 2019
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Created by rhboskres | Aug 26, 2024