SCOMNET - Support Holding?

SCOMNET Weekly Chart

SCOMNET has been moving sideways between 1.21 and 1.41 since early Jun 2023. It has tested its support at 1.21 twice in Dec 23-Jan 24 period and now, and, both times showing demand by bouncing off it with above average volume. A move higher looks likely with the next resistance at 1.41 as a potential target.

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