RHB Investment Bank Bhd (RHB Research) has highlighted bullish trajectories for Oppstar and Supermax Corp as both counters show signs of continuing their upward momentum.
Oppstar's Technical Rebound:
Oppstar is attempting to sustain its rebound following a breakout above the RM0.76 resistance on strong trading volume. The counter's long bullish candlestick indicates robust momentum, with potential targets at RM0.83 and RM0.89. However, if the price falls below the RM0.69 support level, it could signal the resumption of a correction phase.
Supermax Corp's Upward Trajectory:
Supermax Corp is aiming to extend its bullish run after breaking past the RM1.05 resistance with increased trading volume. The fresh bullish candlestick suggests that the stock could potentially reach RM1.15 and RM1.25. On the downside, a dip below the RM1 support level may dampen market sentiment, leading to a possible correction.
Both stocks exhibit strong momentum, supported by significant trading activity, but traders are advised to monitor key support levels to manage risks effectively.
