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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 18 Apr 2024, 4:34 PM

An official blog in I3investor to publish research reports provided by AmInvest research team.

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Stock on Radar - Supercomnet Technologies

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Supercomnet Technologies may trend upwards further after it broke out from its 2 weeks rectangle pattern with a white candle yesterday. Given that the stock has posted three white candles in a row and coupled with the rising 20-day EMA, this has enhanced the bullish momentum. A bullish bias may emerge above the RM1.80 level, and the bullish momentum should lift it towards the subsequent resistance levels of RM1.91, followed by RM2.08. Towards the downside, stop-loss is set at RM1.66, below 21 Nov’s low.

Entry : RM1.80-1.81

Target : RM1.91, RM2.08

Exit : RM1.66

 

Source: AmInvest Research - 6 Dec 2022

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Labels: SCOMNET

Related Stocks

Chart Stock Name Last Change Volume 
SCOMNET 1.30 +0.03 (2.36%) 1,885,000 

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