Journey to RM1.00

Supercomnet has recorded a rise of RM0.085 from its opening price to reach peak at RM0.970. There has been slight retracement as the price closes at RM0.95, I would expect a further retracement to RM0.925.

When reaching this price, we should monitor buying and selling activity.

If buyer overpowers selling pressure, with volume higher than daily average for previous trading days (1 week period), I predicted the price can go up to RM1.00 if not higher.

Current Price: RM0.950
Entry Price: RM0.930
Support Level: 1-RM0.925 2-RM0.885
Target Price: 1-RM1.00 2-RM1.04