Supermax Corporation may soon move higher above the RM1.71 resistance level. The momentum indicator RSI is rising higher, indicating that there is a possibility it will break the resistance level and travel towards the short-term target prices of RM1.83 and RM1.96. 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 breakout RM1.71

Target: RM1.83, RM1.96 (time frame: 3-6 weeks) Exit: RM1.55

Source: AmInvest Research - 6 Mar 2020