Sunday, July 24, 2011

Technical Analysis July 2011: SUPERMX (7106)


Observation From Chart:-

seem like forming symmetrical triangle.

Will it break through upper line of triangle or lower line of triangle?

Other indicator:-
MACD still at negative region BUT is forming ascending triangle on MACD indicator.
Stochastic %K NO trigger sell call yet.

Let watch closely for entry opportunity.

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

1 comment:

  1. It is a beautiful triangle, despite it is part of sub-components within the long life correction that observed since Oct'10. very interesting to know whether it will go south or north after break the triangle.....meantime looking forward to see the completion of the long run correction mode???