RHB Retail Research
Trading Stocks - Supermax
Supermax exhibited signs of extending the recent rebound after it broke off its resistance of MYR5.04, with a spike in volume yesterday. If it manages to stay above the resistance-turned support level of MYR5.04, the bullish momentum may drive it towards the next resistance level of MYR5.38, followed by MYR5.82. Meanwhile, if the support level of MYR4.45 is broken, this expectation would be cancelled.
Source: RHB Securities Research - 16 Apr 2021
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