* Supermax Corporation (RM5.32, BUY) ? Testing resistance of its descending wedge.
* Adventa (RM3.52, BUY) ? Waiting for a breakout run.
* Rubberex Corporation (RM2.82, BUY) ? Near term consolidation likely at its tail-end.
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Supermax Corporation (RM5.32) ? BUY
FY10P/E: 10.3x, P/BV: 2.8x

? Since broker's technical sell call in the 18th January issue, Supermax has taken a step back towards its recent low of RM4.80. The doldrums however did not last long and prices are starting to bounce back again. Yesterday?s runup lifted prices above its 30-day SMA, suggesting that the stock is trying to inch past the resistance channel of the descending wedge pattern.
? The positive outlook is also supported by the improving technical landscape. MACD histograms are falling at a slower pace while its RSI has hooked upward again. A breakout run should push Supermax towards RM5.66 and probably even its all time high of RM6.18 next.
? Buy on pullback, preferably near its 30-day SMA. A break below RM4.80 would signal that this is just a dead cat bounce.

Supermax Corporation is an investment holding company whose subsidiaries manufacture, sell, and export various type of latex gloves around the world.
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Adventa (RM3.52) ? BUY
FY10P/E: 13.5x, P/BV: 2.8x

? Similar to Supermax, Adventa is also trying to break out of its resistance trend line of the descending wedge pattern. At present, selling pressure appears to have tapered off, and broker might see a technical rebound soon. A breakout should lift prices towards RM3.72-RM3.85 next.
? MACD is still falling but its histograms are slowly picking up. RSI has also hooked upward, suggesting that recovery is taking place.
? Risk takers may start to nibble now and wait for the breakout rally. If the RM3.85 level is also taken out, then the January?s high of RM4.35 will be its next target. However, always keep stop tight at below RM3.28.

Adventa is an investment holding company. The company, through its subsidiaries, manufactures and distributes sterile surgical and medical examination gloves as well as distributes medical and hospital related products.
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Rubberex Corporation (RM2.82) ? BUY
FY10P/E: N/A, P/BV: 1.7x

? Rubberex bounced back yesterday, likely signalling that its recent consolidation is about to end. If prices can inch past the resistance trend line and subsequently the RM2.93 level, then a stronger rebound is likely to be underway. Next resistance is at RM3.08.
? Technical indicators are slowly making a comeback. MACD signal line has turned flattish while its RSI is moving towards the upper band of the neutral zone.
? Any pullback towards its 30-day SMA (at RM2.60) is an opportunity to get in. However, as the recovery is still in its early stage, traders should always keep a stop at below RM2.58.

Rubberex Corporation is an investment holding company. The company, through its subsidiaries, manufactures and sells household and industrial rubber gloves.