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