UOB Kay Hian Research Articles
Traders' Corner - Supermax Corporation (SUCB MK)
UOBKayHian
Publish date: Thu, 16 Nov 2017, 04:12 PM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
- Technical BUY on breakout with +12.9% potential return
- Last price: RM1.90
- Target price: RM2.14, RM2.19
- Support: RM1.84
- Stop-loss: RM1.83
BUY on breakout with a target price of RM2.19 and stop-loss at RM1.83. Based on the daily chart, SUCB has formed higher highs and higher lows that indicate an uptrend. This is supported by an uptick in the RSI and a bullish crossover in the MACD and DMI. We peg our targets at RM2.14 and RM2.19 if the stock penetrates above the breakout level of RM1.94.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 16 Nov 2017
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