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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 23 Jan 2020, 9:54 AM

 

Stocks on Radar - Supermax Corporation (7106)

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Supermax Corporation has been range-bound during recent sessions. With the momentum indicator RSI rising, there is a possibility it will break above the resistance price of RM1.35, and move towards the target prices of RM1.40 and RM1.47. The immediate support is anticipated at RM1.28, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.35
Target: RM1.40, RM1.47 (time frame: 3-6 weeks)
Exit: RM1.28

Source: AmInvest Research - 10 Dec 2019

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Labels: SUPERMX

Related Stocks

Chart Stock Name Last Change Volume 
SUPERMX 1.52 -0.02 (1.30%) 34,882,000 

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