Saturday, August 27, 2011

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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