RHB Retail Research: Supercomnet Technologies may rebound further

RHB Retail Research says Supercomnet Technologies Bhd may rebound further after it tested the MYR0.745 support recently.

In a trading note, the research house says since the stock has formed a “Hammer” pattern on 14 May, this points to a potential rebound.

“An upbeat bias may emerge above the MYR0.82 level, with an exit set below the MYR0.745 mark.

“Towards the upside, the immediate resistance is at the MYR0.92 level, followed by the MYR1.00 threshold,” it says.

 

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