Highlights / Stock Picks of the Day - Supermax Corp Bhd ("SUPERMX")

Supermax Corp Bhd is trading above its support slope and rebounded recently when it touches the support line. The share price is also trading within its 20-day, 50-day and 100-day SMAs with very minor changes,
indicating indecision between buyers and sellers in recent trades. As for the indicators, the MACD is trending upwards and converging with the zero level line and looks to penetrate the line soon. Unless the share price
manages a breakout above RM2.07 out of the congestion zone, the technical picture will remain bearish with downside support levels located at RM1.99/93.

Source: Kenanga