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 Supermax

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Oracles99
post Oct 31 2014, 08:15 PM

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Joined: Nov 2008
QUOTE(Bonescythe @ Oct 3 2014, 12:25 AM)
Supermax is just another big bomb that will explode upwards in the market of red sea. Supermax will be a good counter to be traded / invested based on :

- Stronger USD outlook against the MYR, with a projection of reaching RM 3.40 for USD 1.
- BNM had just recently announced the unchanged OPR at 3.25%, pegging the nation interest rate for at least another quarter to half year period, hence putting away speculation of a sudden increase in OPR to counter the currency outflow.
- Rising global concern on Ebola Virus infection, with 1st US patient confirmed in Texas.
- Supermax being a laggard compared to all it's peers which had responded towards both the events
- Supermax to see factory expansion producing more output in FYE 2014.

Supermax - On Hot Shots
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I totally agree with you. A picture paints a thousand words. Charts do not lie. Just look at the updated chart & you can see Supermax on the uptrend -the first resistance around $2.54 & thereafter it will journey to $3.00. You make a great analyst biggrin.gif biggrin.gif biggrin.gif

 

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