KUALA LUMPUR (July 13): RHB Retail Research said Supercomnet Technologies Bhd may climb higher after forming a long white candle and leaving an upside gap.

In a trading stocks note today, the research house said yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from June 21’s “Hammer” pattern.

“A bullish bias may emerge above the 40.5 sen level, with an exit set below the 36.5 sen threshold.

“Towards the upside, the immediate resistance is at 43.5 sen. This is followed by the 46 sen level,” it said.