Supermax’s rebound should continue after it closed above RM2.12 today. A purchase can be made above the level with a close below last week’s low of RM2.03 as a stop-loss. The price target is registered at RM2.50, provided that 2011 high of RM2.32 is violated. Selling will likely return should the stop-loss be triggered and supports are at RM1.94 and RM1.87.
Source: OSK
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