Supermax is set for an uptrend reversal after it broke past the immediate resistance of MYR3.25 on strong trading volume. Riding on a “higher high” bullish pattern formed above the 21- day SMA line, the bullish momentum will boost the stock towards the next resistance of MYR3.50 before reaching the higher hurdle of MYR3.78. However, falling below the MYR3.13 support – which is below the moving average line – may see the direction shift downwards,

Source: RHB Securities Research - 1 Sept 2021