Supermax Corporation crossed above the RM3.46 level during its latest session. With an RSI level just above 71, a bullish bias may be present above this mark with a target price of RM3.88, followed by RM4.10. Meanwhile, it may turn sideways if it dips back below the RM3.46 mark in the near term. In this case, the immediate support is anticipated at RM3.18, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM3.46

Target: RM3.88, RM4.10 (time frame: 3-6 weeks)

Exit: RM3.18

Source: AmInvest Research - 9 Nov 2018