Possible for further upside. SUPERMX is staging a potential breakout from its sideways channel. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.74 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM1.80 and RM1.90.
However, failure to hold on to support level of RM1.63 may indicate weakness in the share price and hence, a cut-loss signal
Source: PublicInvest Research - 5 Mar 2020
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Created by PublicInvest | Nov 22, 2024
michaelwong
Better sell first when they asked you to buy . You might be loading from what they are offloading at this current price is to lock in profits first.
2020-03-06 23:48