Supermax Corporation crossed the RM3.70 level in its latest session. With the RSI level at 70, it may move higher above this mark with a target price of RM3.89, followed by RM4.37. Meanwhile, it may drift sideways if it falls back below the RM3.70 mark in the near term. In this case, support is anticipated at RM3.46, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM3.70

Target: RM3.89, RM4.37 (time frame: 3-6 weeks)

Exit: RM3.46

Source: AmInvest Research - 19 Nov 2018