RHB Investment Bank Bhd (RHB Research) has identified JHM Consolidation and Supercomnet Technologies as promising stocks based on recent technical analyses.
JHM Consolidation demonstrated strong bullish momentum last Friday, breaking past the RM0.48 resistance on high trading volume. This upward price action, marked by a white candlestick, signals a positive technical setup.
RHB Research projects the stock to target RM0.52 and subsequently RM0.56. However, if the share price falls below the RM0.44 support, a correction phase may follow.
Supercomnet Technologies also showcased a bullish breakout, closing above the RM1.35 resistance with a long white candlestick. The robust trading volume indicates sustained momentum, with RHB Research expecting the stock to test RM1.45 and RM1.55 levels.
A breach below the RM1.25 support, however, would invalidate the bullish outlook and initiate a corrective trend.
These technical insights highlight opportunities for investors as both counters show potential for further gains.
