Supermax’s uptrend may continue after last Friday’s “Long White Day” on high volume. A purchase can be made on a close above the psychological RM2.00, with a stop-loss on a close at RM1.87. The price targets are RM2.20 and the Jan high of RM2.40. Failure to break higher will likely see a return in selling, with confirmation on a close below RM1.87. Supports lie at RM1.72 and RM1.63.
Source: OSK
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