Supermax Corporation may soon move higher to test the immediate resistance of RM1.69. The RSI momentum is pointing upwards, indicating that there is a possibility it will experience a breakout and travel towards the short-term target prices of RM1.86 and RM2.05. The downside support is anticipated at RM1.50, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.69

Target: RM1.86, RM2.05 (time frame: 3-6 weeks)

Exit: RM1.50

Source: AmInvest Research - 30 Mar 2020