Supercomnet may move higher, says RHB Retail Research

TheEdge Fri, May 03, 2019 08:26am - 4 years View Original


KUALA LUMPUR (May 3): RHB Retail Research said Supercomnet Technologies Bhd may move higher after it continued holding above the 89 sen support.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign.

“A bullish bias may appear above the 89 sen level, with an exit set below the 89 sen threshold.

“Towards the upside, the near-term resistance is at RM1.01. This is followed by the RM1.10 level,” it said.

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