RHB Retail Research
Trading Stocks - Supercomnet Technologies
Supercomnet Technologies formed a long white candle, indicating that the buying momentum could be strong. In view that the 21-day SMA line will likely begin turning upwards, this has enhanced the positive sentiment. A positive bias may emerge above the MYR0.825 level, with an exit set below the MYR0.74 threshold. Towards the upside, the immediate resistance is at the MYR0.925. This is followed by the MYR1 level.
Source: RHB Securities Research - 12 Sept 2019
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