SCOMNET price has been growing about 500% since March 2020.It is a technology based company, providing supplies in medical products.
The trend line is very consistent as a result of increase of demand in medical supplies.
June:
theedgemarkets.com/article/supercomnet-hits-record-high-orders-medical-device-makers-soar
"Supercomnet’s main customers comprise New York Stock Exchange-listed Edwards Lifesciences Corp and Denmark-based Ambu, both of which have signed long-term agreements with the company."
Long term contract, we are expecting business deal as long as 3, 5 or maybe 10 years.
July:
theedgemarkets.com/article/supercomnets-latest-product-gets-green-light-us-fda
"Among the critical medical devices, the group said, are disposable bronchoscopes, which are used in the first line of lung treatment for patients with suspected or confirmed Covid-19 infections, and the critical care monitoring cable that is presently being used for Covid-19 patients in the intensive care unit."
Well we know global Covid19 situation is not getting better:
thestar.com.my/aseanplus/aseanplus-news/2020/08/31/global-coronavirus-cases-top-25-million-johns-hopkins-tally-shows
-25mil infection
-825k death
I will watch for pullback at 1.81 or 1.75 then it's good to go.
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