Supercomnet rises 3.92% on positive tecnical outlook

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KUALA LUMPUR (July 26): Shares in Supercomnet Technologies Bhd rose 3.92% this morning following a positive technical outlook on the stock.

At 9.32am, Supercomnet rose 3 sen to 79.5 sen for a maket capitalisation of RM511.18 million.

RHB Retail Research said Supercomnet Technologies Bhd may rebound higher after it continued holding above the 71.5 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 74.5 sen level, with an exit set below the 71.5 sen threshold.

“Towards the upside, the near-term resistance is at 82 sen. This is followed by the 89 sen level,” it said.