Supercomnet Technologies is eyeing for an uptrend rebound, as it tested the MYR1.39 immediate resistance yesterday, with strong trading volume.
RHB Retail Research, in a note today (Aug 2), said if a breakout happens, forming a “higher high” bullish pattern, the stock may climb higher towards the MYR1.45 resistance, followed by the MYR1.55 next resistance.
However, falling below the MYR1.31 support would indicate a trend reversal towards the downside, as it forms a “lower low” bearish pattern.
Greatech Technology is poised to trend higher, as it attempted to surpass the MYR4.60 immediate resistance recently, above the rising 21-day SMA line.
If it manages to surpass above that level, the stock may travel higher towards the MYR5 threshold, followed by the MYR5.20 resistance.
Conversely, falling below the MYR4.38 support, beneath the SMA line, would dent sentiment and lead to a downtrend.
