Back on 27 Feb 2015, we issued a ‘Trading Buy’ call on SUPERMX with a target price of RM2.42 as we anticipated that the share price could break out from a ‘Pennant’ chart pattern. However, it plunged into the red on high volume due to poor quarterly results. Key indicators are also reflecting the heavy selling momentum, suggesting a bearish outlook ahead. As the share price had met our stop-loss level of RM2.07 yesterday, we are cutting our position in this stock. Immediate support level is marked at RM2.00 (S1).