AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 8 Apr 2020, 9:14 AM


Stocks on Radar - Supermax Corporation (7106)

Author:   |    Publish date:

Supermax Corporation shot up above the RM1.43 resistance and formed a long white candle in its lastest session. With an RSI level above 60%, the momentum may continue to propel it towards RM1.51 followed by RM1.56. If it closes below RM1.43, expect a sideway movement. Support is anticipated at RM1.38, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy on continuation above RM1.43

Target: RM1.51, RM1.56 (time frame: 3-6 weeks) Exit: RM1.38

Source: AmInvest Research - 22 Jan 2020

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Chart Stock Name Last Change Volume 
SUPERMX 1.66 -0.02 (1.19%) 1,036,400 

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