Supermax may rally further after closing above the one-month resistance level of RM2.20. A purchase can be made above the level, with a close below RM2.10 as a stop-loss. The price target RM2.50, provided that the 2011’s high of RM2.35 is violated. The stock will likely trade sideways should the stop-loss be triggered. Strong support is at the psychological RM2.00.
Source: OSK
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