SupermaxCorp is eyeing to extend the upside movement, testing the immediate resistance with a Bullish Marubozu candlestick. The counter has climbed above the 21-day SMA line and printed a long white candlestick, which shows the bullish momentum is re-accelerating. If it breaks past the MYR1.22 resistance, we expect a follow-through price action to test the MYR1.32 mark, followed by the MYR1.50 point. A breach below the MYR1.12 support will kickstart the correction phase.

Source: RHB Securities Research - 4 Feb 2025