AmInvest Research Reports
Stocks on Radar - Supercomnet Technologies (0001)
AmInvest
Publish date: Mon, 13 Apr 2020, 08:48 AM
AmInvest
0 9,338
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Supercomnet Technologies may soon move higher to test the RM0.54 resistance level. Notice that the momentum indicator RSI is pointing higher. Coupled with high trading volume, this indicates that there is a possibility it will experience a technical rebound towards the shortterm target prices of RM0.58 and RM0.64. The downside support is anticipated at RM0.48, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.54
Target: RM0.58, RM0.64 (time frame: 3-6 weeks)
Exit: RM0.48
Source: AmInvest Research - 13 Apr 2020
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Closed 0.72 because there was a lot of promotion for this stock, people will be trapped at high price while this falls back to 0.3
2020-04-13 18:20