SNS Network Technology may trend higher after it broke above the RM0.70 resistance with a long positive candle yesterday. As the stock has climbed to a new historical high coupled with its rising EMAs, a bullish outlook can be anticipated here. A bullish bias may emerge above the RM0.70 level, with a stop-loss set at RM0.62, below the 10 Jun low. Towards the upside, the nearterm resistance level is seen at RM0.85, followed by RM0.90.

Entry : RM0.70–0.755

Target : RM0.85, RM0.90

Exit : RM0.62

Source: AmInvest Research - 12 Jun 2024