Supermax - share is on fire due to coronavirus! 🔥

Supermax is on fire. 🔥🔥🔥

The stock gap up for the past 4 days.

On 28 Jan, it jumps about 15%.

There is a high volume pushing up this stock to a high for the past 2 years.

This is due to the coronavirus effect.






The share price is trying to hit a new high since Nov 2018, base on the monthly chart.

Can it continue to go higher?





Technical Analysis:

Relative Strength Index (RSI) - this is at the overbought zone, at 84.

The share can drop back any time.


MACD - the histogram do shows high momentum.






Heikin Ashi Candlestick Chart


The chart is obviously on the uptrend.

We can see a continuous green candlestick for the past few days.

However, since the price is on a parabolic trend, it is quite dangerous to go in.

Would advise investors to be careful with this counter.







Check out the other rubber and glove stock counters as well here:

>> Top Glove

>> Kossan

>> Hartalega

#coronavirus #wuhan #china #glove #bursamalaysia #topglove #kossan #supermax


Reference:
https://malaysiainvestment88.blogspot.com/2020/01/supermax-share-is-on-fire-due-to.html
https://malaysiainvestment88.blogspot.com/2020/01/hartalega-5168-drops-272-today-time-to.html
https://malaysiainvestment88.blogspot.com/2020/01/kossan-jumps-because-of-coronavirus-buy.html
https://malaysiainvestment88.blogspot.com/2020/01/top-glove-jumps-because-of-coronavirus.html