RHB Investment Research Reports
Trading Stocks - Supermax Corporation
rhbinvest
Publish date: Tue, 09 Jan 2024, 03:21 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Supermax Corporation is in a position for an uptrend reversal, as it rebounded above the 21-day SMA line while reclaiming above the MYR1 mark recently. Supported by high trading volume, we expect a follow-through price action to test the next resistance of the recent high at MYR1.07, followed by the 2- year high of MYR1.20. Meanwhile, falling below the MYR0.93 support would see the direction shift downwards.
Source: RHB Securities Research - 9 Jan 2024
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