Technical Analysis Aug 2011: SUPERMX (7106)
SUPERMAX CORPORATION BERHAD
Observation From Chart:-
Since SUPERMAX break down RM3.65 support level, there is no rebound.
As 26 August closing price, RM2.71 which is -RM0.94 or 25.7%
Current support is RM2.69
Subsequent support at RM2.40 level.
Other indicator:-
MACD still at negative region.
No reversal candlestick been formed.
RSI & Stochastic %K at oversold stage BUT not yet trigger buy call.
Let watch closely for technical rebound.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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