AmInvest Research Reports
Stocks on Radar - Supermax Corporation (7106)
AmInvest
Publish date: Thu, 27 Feb 2020, 08:50 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Supermax Corporation rebounded above the resistance level of RM1.67. With an RSI above 50%, this indicates that there is a possibility the momentum will continue towards the short-term target prices of RM1.80 and RM1.87. The downside support is anticipated at RM1.55, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on pullback near RM1.67
Target: RM1.80, RM1.87 (time frame: 3-6 weeks)
Exit: RM1.55
Source: AmInvest Research - 27 Feb 2020
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