*21st June Technical Idea*
SUPERMAX CORPORATION (Stock code: 7106)
After few day strong sell down, we see that supermax may found it base with engulfing chart pattern, long bias
but we are more confidence that when supermax able break 7.590 level then to challenge next high at 8.460 level, entry confirmation
This is a limit idea to wait opportunity come then participate the market with the momentum.
*Risk: High Risk*
*TP1: RM8.460*
*TP2: RM9.295*
*SL1: RM6.480*
*SL2: RM5.250*
*Risk Return Ratio:0.88x*
Strategy:
1)Glove counter is hot but expensive valuation. Is ok for high risk trader to take the opportunity.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
** we will not have any strategy strategy on structure warrant.
SUPERMAX CORPORATION (Stock code: 7106)
After few day strong sell down, we see that supermax may found it base with engulfing chart pattern, long bias
but we are more confidence that when supermax able break 7.590 level then to challenge next high at 8.460 level, entry confirmation
This is a limit idea to wait opportunity come then participate the market with the momentum.
*Risk: High Risk*
*TP1: RM8.460*
*TP2: RM9.295*
*SL1: RM6.480*
*SL2: RM5.250*
*Risk Return Ratio:0.88x*
Strategy:
1)Glove counter is hot but expensive valuation. Is ok for high risk trader to take the opportunity.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
** we will not have any strategy strategy on structure warrant.